Cyprus builds a new residential sector next to the casino in a popular area

Despite the fact that the pandemic hit the construction and real estate sectors quite hard, now these two areas are returning to their positions. In many countries we can note a rapid growth in demand for residential and commercial properties, some countries provide favorable conditions for mortgages to increase sales. There are also those who made a great emphasis on construction. Among them was Cyprus, where the construction of an innovative residential complex called Sunset Gardens has been carried out since last year.

Features of the object

Despite all the difficulties with the construction sector in the country, the project was launched, as it offers great advantages for developers:

• it is located in one of the most popular areas;
• it is environmentally efficient;
• adjacent to the largest casino resort in Europe.

In addition to that, buyers are offered fairly loyal prices, despite the fact that the complex belongs to the premium segment. In the first 4 months of construction, about 25% of the apartments in the residential complex were sold, although this was the period of the pandemic with the most stringent quarantine restrictions.