New artificial island in Cyprus is set to increase tourism
As if one sun-blessed island was not enough, an artificial island is being built off the town of Limassol in Cyprus, it has been reported.
The Aristo developers has said that the island will be constructed as part of the redevelopment of the town’s marina, which it states is one of four across the country for which the government of Cyprus has granted permission for redevelopment. The main aim is to extend the tourist season and increase cruise tourism. Limassol Marina will begin construction in early 2009 and is planned to be finished in 2013. There will be 1,000 berths available with 400 connected to the mainland and 600 on the new island.
Commenting on the development, Martin Pearce, UK sales director of Aristo developers has said that the scale of the projects is “quite amazing. He added that the company is excited to see these projects get under way and the feeling in Cyprus is that it will not only create more jobs in the areas mentioned but will also appeal to a different kind of visitors. Those looking to invest in holiday property in Cyprus, therefore can find good returns on rental stock in towns that have new marina developments taking place.
This comes after the news that the Shelter Offshore has recommended Cyprus as the leading place to go. Many of the reasons are ones that investors will be familiar with, such as the climate, good standard of living and cheaper prices than last year due to the inevitable effects of the world economic situation.
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