Larnaca
The Coastal Gem of Cyprus

Larnaca, known as “Larnaka” in Turkish, is a city situated on the southeast coast of Cyprus. It is the third-largest city in the country, following Nicosia and Limassol, boasting a metro population of 144,200 as of 2015. Larnaca is renowned for its palm-tree seafront, referred to as Finikoudes, and the Kamares Aqueduct. The city is built upon the ruins of ancient Citium, the birthplace of the Stoic philosopher Zeno.

Historical Significance:

The former city-kingdom of Kition was established in the 13th century BC. Throughout its history, Larnaca has seen the influence of the Achaeans, Phoenicians, Assyrians, Egyptians, and Persians. The archaeological sites of Kiteon showcase remains from the 13th century BC, including cyclopean walls, a complex of five temples, and a naval port.

Modern Larnaca:

Larnaca has grown significantly since 1975, especially after the closure of Nicosia International Airport, making Larnaca‘s airport and seaport pivotal in the island’s economy. A €650m upgrade of Larnaca Airport has been completed, further enhancing its importance.

Lifestyle in Larnaca:

1. Cultural Events: Larnaca is home to various cultural events, with the most notable being the Kataklysmos or the Festival of the Flood, celebrated in early summer.
2. Tourism: Larnaca’s palm-tree seafront, historical sites, and modern amenities make it a popular tourist destination.
3. Economic Activities: The service sector, including tourism, employs three-quarters of Larnaca’s workforce. Many travel and tour operators have their head offices in Larnaca.
4. Education: Larnaca houses over a hundred educational institutions, including the American Academy, Larnaca Nareg Armenian school, and the Alexander College.
5. Local Cuisine: Larnaca offers a blend of traditional Cypriot dishes and international cuisines. The city’s beaches are lined with seafood restaurants catering to tourists, offering dishes like fasolaki, louvi me lahana, and more.

Real Estate in Larnaca 2023:

(Note: The following statistics are based on general knowledge and estimations as specific real estate data for Larnaca in 2023 was not available.)

1. Average Property Prices:

   • Apartments: Estimated at around €1,400 to €2,800 per square meter.
   • Houses: Estimated at around €2,200 to €4,200 per square meter.
   • Villas: Estimated at around €3,200 to €5,500 per square meter.

2. Rental Prices:

   • Apartments: Estimated monthly rent ranges between €550 and €1,100.
   • Houses: Estimated monthly rent is between €900 to €2,300.
   • Villas: Estimated monthly rent ranges from €1,800 to €4,200.

3. Market Trends:

   • Larnaca’s real estate market has been on the rise, especially with the development of new residential and commercial projects.
   • The city’s historical significance and modern amenities make it an attractive destination for both local and foreign investors.

Conclusion:

Larnaca, with its blend of history and modernity, offers a unique living experience. Its strategic location, coupled with its vibrant culture and economy, makes it a prime destination for real estate investments. Whether you’re looking for a property with historical significance or a modern apartment with all amenities, Larnaca has something to offer.