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Property developers move in

LAND developers are showing an interest in the Pyrgos Tylliria area, now that the prospect of the Limnitis checkpoint opening appears firmly on the agenda. Citing sources yesterday, Phileleftheros newspaper claimed that in the past year, land developers from Nicosia have been showing great interest in the area, prepared to offer astronomical prices for land. […]

LAND developers are showing an interest in the Pyrgos Tylliria area, now that the prospect of the Limnitis checkpoint opening appears firmly on the agenda.

Citing sources yesterday, Phileleftheros newspaper claimed that in the past year, land developers from Nicosia have been showing great interest in the area, prepared to offer astronomical prices for land.

According to the daily, the offered price for the area nears €340,000 per donum and developers have been approaching the few land owners of Tylliria over the past few months asking to purchase properties.

The general consensus is that the virgin tourist market of Tylliria will become vastly popular once the Limnitis checkpoint is opened.

With the opening of the checkpoint, the journey from Nicosia to Pyrgos will be slashed from the current three hours to just 50 minutes.

A developer told the paper: “The beautiful and unused area of Tylliria will in essence become a suburb of the capital. Businessmen’s aim is to transform the area into a destination for older and financially stronger people, as Ayia Napa and Protaras have been turned into a destination mainly for the young.”

The Tylliria area’s natural and untarnished beauty, coupled with the fact that it combines mountains with the sea, makes the area unique and irresistible to land developers.

“What is expected to happen is the creation of luxury estates on the Kato Pyrgos hills and not mass housing groups,” the developer said.

The area’s residents’ unwillingness to part with their land has for a long time been a well-known fact.

“This situation is expected to change now, as the issue created by the Limnitis checkpoint has pushed investors into sky-rocketing their offers,” the developer concluded.

Copyright © Cyprus Mail 2008

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