Property Lawyers In Cyprus Elated For Paphos Marina
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Cyprus property Lawyers – review – Paphos Marina – Completed on 28th July 2010.
Paphos has had a rickety time through the recent recession with property sales down and emigrants leaving to go back to their own countries. And what a shame that is, as those individuals will now miss out on the biggest development in Paphos, alongside the new airport, with a new 1000 berth Marina will to be built.
The size of the Marina will be approximately the same size as the new Marinas being built in Larnaca and Limassol.
It has been reported that Leptos Estate will head the group of private companies investing in the Marina and at 70 Million Euros will be injected into the project.
Conditions for the tender being awarded to Leptos Estates, was that the Marina had to be built within a 3 year period. So it really looks like all the Marinas Island wide will be completed around the same time frame.
Paphos is a beautiful area of Cyprus and the new Marina will compliment this side of the island even further, and news of all the Marinas has actually already favoured property prices in surrounding areas. Businesses are also staring to look up and see some hope.
While plans for the new Paphos Marina are not so defined as yet, news reports show there will be leisure facilities, bars and restaurants and the scope for residential property.
This is great news for Paphos and all Paphos residents who will definitely reap the rewards. However, once again there has been news reports that delays are ahead of us and this is an issue the Cyprus Government should avoid.
The whole marina development in Cyprus is set to change the face of our island and make Cyprus one of the busiest and most thriving sailing and yachting country in the EU.
We cannot wait for our coastal towns to be buzzing with the yachting fanatics and business booming once again.
Well done Paphos!
For all your Yachting and Marina Property needs visit us at www.lawcyprus.org
PUBLISHED BY A&G KOUZALI LAW OFFICE ON 28TH JULY 2010.
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