Best Real Estate Developers in Larnaca: A Comprehensive Guide

Published on 20th of October, 2024

Larnaca, one of the most ancient cities of Cyprus, is becoming increasingly attractive for real estate investment. With its strategic location 70 km east of Limassol and a steadily growing market, Larnaca has caught the attention of both local and foreign investors. In this guide, we will take a closer look at the best real estate developers in Larnaca, analyzing their projects, reputation, and reasons why they stand out as reliable choices for property buyers.

1. Panikkos Livadiotis Group

Founded: 1972
Projects: Residential, retail, and commercial properties
Reputation: Known for high-quality construction at affordable prices

Why Choose Panikkos Livadiotis Group?

As one of the oldest and largest developers in Larnaca, Panikkos Livadiotis Group has built a strong reputation for delivering high-standard projects in prime locations. The company’s developments cater to both local residents and foreign buyers, offering properties in sought-after areas such as Drosia and Dhekelia. For instance, you can find a 2-bedroom apartment in the Ria Court 75 for €177,000 (+ VAT), or a luxurious 3-bedroom villa in Dhekelia for €665,000 (+ VAT).

Notable Projects:

Ria Court 81 in Kamares: Spacious penthouses near the Larnaca aqueduct
Dhekelia Villas: 3-bedroom villas with pools and roof gardens, located close to 5-star hotels

Panikkos Livadiotis Group’s combination of experience, quality, and prime locations makes it a trusted developer in Larnaca.

2. Africanos Property Developers Ltd

Founded: 1997
Specialty: Residential developments in both urban and suburban Larnaca
Reputation: Renowned for after-sales services and customer satisfaction

Why Choose Africanos Property Developers?

Starting as a small business, Africanos has grown into one of the most reliable developers in Larnaca. They have successfully completed over 40 projects, all of which have obtained title deeds, a crucial factor for property buyers. Their properties, such as the Marina View Residences in Livadia, offer spacious, modern homes in quiet coastal areas, perfect for investment or residency.

Notable Projects:

Marina View Residences: Penthouse apartments in Livadia, a growing investment hotspot
Mackenzy Dream Residences: Business-class residences with panoramic sea views in the popular Mackenzie area, priced between €250,000 and €315,000 (+ VAT)

Africanos is ideal for those looking for modern homes with excellent after-sales service.

3. Nicolaides Properties

Reputation: Known for combining modern architecture with nature
Specialty: Residential and commercial real estate developments in various areas of Larnaca

Why Choose Nicolaides Properties?

Nicolaides Properties is a developer that keeps pace with the ever-changing demands of modern buyers. Their properties are known for their stylish design, spacious layouts, and prime locations. For example, Nicolaides Residences in Saint George offers two-bedroom apartments priced at €350,000, combining luxury with convenience.

Notable Projects:

Nicolaides Palm Tree Villas: Villas with 3 to 8 bedrooms, modern architecture, and roof gardens
Nicolaides Residences: High-tech style buildings located in quiet, central areas

Nicolaides Properties is perfect for buyers seeking high-quality homes in prime, tranquil areas.

4. DexTek Group

Founded: 2017
Specialty: Modern, energy-efficient residential buildings
Reputation: Gained recognition for eco-friendly and innovative designs

Why Choose DexTek Group?

DexTek Group focuses on creating sustainable, energy-efficient buildings. Their first project, Park View Residence, set a high standard for future developments. The Wave Tower in Larnaca Marina, for instance, is a masterpiece in design and energy conservation, offering stunning views and luxurious living spaces.

Notable Projects:

Shadow Residence: Modern 2- and 3-bedroom apartments in Kamares, priced from €200,000
Wave Tower: A 10-story business-class building in Larnaca Marina, combining aesthetics and sustainability

DexTek Group is ideal for buyers looking for eco-friendly, modern homes with high architectural standards.

5. Plus Properties Cyprus

Founded: 2015
Reputation: International developer with a focus on Cyprus, especially Larnaca
Specialty: Residential and mixed-use developments in key areas of Larnaca

Why Choose Plus Properties Cyprus?

A subsidiary of Plus Holding from Lebanon, Plus Properties Cyprus has become a leading developer on the island, with a focus on Larnaca. Their flagship project, Plus 21 Roy Terraces in the Mackenzie area, offers 1- to 3-bedroom apartments just 80 meters from the sea. Prices range from €252,000 to €720,000 (+ VAT).

Notable Projects:

Plus 27 Duo Residence: Two-building complex near the New Marina, with 1-bedroom apartments priced at €210,000
Plus 15 Tamara Gardens: Modern complex in Livadia with 2-bedroom apartments available for sale

Plus Properties Cyprus is a great choice for those seeking luxury apartments near the coast.

6. Quality Property Developments

Reputation: Leading developer in the Eastern Mediterranean
Specialty: High-rise commercial and residential buildings

Why Choose Quality Property Developments?

Quality Group is known for its ambitious projects, such as the QN Kition skyscraper and the Ion Tower in Drosia. The Radisson Blu Hotel Larnaca, another notable project, reflects the company’s innovative approach to both commercial and residential development.

Notable Projects:

QN Kition: A 23-story residential skyscraper, currently under construction
The Habitat: A modern complex of two towers in Aradippou with prices starting from €202,000 (+ VAT)

Quality Property Developments is perfect for those looking for futuristic, high-quality properties in key business areas.

7. Infinity Properties

Reputation: Focused on international buyers seeking residency in Cyprus
Specialty: Luxurious, spacious properties in prime areas

Why Choose Infinity Properties?

Infinity Properties is known for catering to foreign buyers looking for permanent residency in Cyprus. Their Marina Home Residence project in Larnaca’s Harbor area offers high-end 3- and 4-bedroom apartments with sea views, perfect for families.

Notable Projects:

Marina Home Residence: Spacious 3- and 4-bedroom apartments, including a penthouse with private photovoltaic panels for energy efficiency
Coral Residence: A luxurious residential complex located just 69 meters from the sea in Mackenzie

Infinity Properties is ideal for those looking for larger family homes in prime seaside locations.

8. Edge Development Group

Reputation: New company with a focus on environmental sustainability
Specialty: Energy-efficient residential buildings

Why Choose Edge Development Group?

Despite being a relatively new player, Edge Development Group has quickly gained a reputation for its focus on eco-friendly construction. Their Edge Residences in Aradippou offers affordable 1- and 2-bedroom apartments starting at €131,000 (+ VAT).

Notable Projects:

Edge Residences: Energy-efficient homes with spacious living areas in Aradippou
Park Avenue: A designer apartment complex with breathtaking views of the Mediterranean and Aliki Salt Lake

Edge Development Group is perfect for buyers looking for affordable, energy-efficient homes.

9. Marinakis Property Developers

Founded: 1981
Specialty: High-quality, custom-designed buildings
Reputation: Known for prestigious locations and long-term reliability

Why Choose Marinakis Property Developers?

Marinakis is a family-run business that has built a reputation for delivering high-quality properties in prestigious locations such as the New Harbor area. Their Pearl House 11 offers 2-bedroom apartments with modern designs and underfloor heating, priced from €190,000 to €455,000 (+ VAT).

Notable Projects:

Vergi Coastal Residences: Spacious 3- and 4-bedroom houses in the Larnaca-Dhekelia tourist area
Pearl House 11: Luxurious apartments in the New Harbor area with energy-efficient designs

Marinakis Property Developers is ideal for buyers seeking custom-built homes in prime locations with modern amenities.

Conclusion

Larnaca offers a wide variety of real estate options, with developers that cater to different needs and preferences. Whether you’re looking for luxurious sea-view apartments, eco-friendly homes, or investment properties, Larnaca’s top developers have something for everyone. Investing in Larnaca not only provides excellent real estate opportunities but also the chance to enjoy life in a thriving coastal city with a rich history and vibrant culture.