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Limassol Targets Metropolitan Park Expansion Across Multiple Areas

Limassol Mayor Yiannis Armeftis has unveiled an ambitious proposal to integrate the Polemidia Forest Park in Ayia Fyla with adjacent municipal land, aiming to establish a metropolitan park that bolsters urban green space and promotes sustainable development.

Strategic Expansion For Urban Green Space

The proposal targets approximately 40,000 to 50,000 square metres of land currently occupied by the Limassol recruitment training centre (KEN). The mayor emphasized that this initiative marks the preliminary step in a broader transformation, designed to extend the benefits of a sizable suburban park to the entire metropolitan area. In a conversation with Entrepreneurial Limassol, a publication by the Limassol Chamber of Commerce and Industry (Evel), Armeftis detailed that these plots, potentially unused by the defence ministry, have already been identified on maps forwarded to Defence Minister Vasilis Palmas.

Navigating Governmental Coordination And Institutional Planning


The mayor’s plan includes upgrades to public infrastructure around the existing forest park, aimed at supporting walking, running and other recreational activities. Discussions with Defence Minister Palmas remain at an exploratory stage, with the ministry expected to review the proposal based on the submitted plans. Armeftis also referred to a meeting with Agriculture Minister Maria Panayiotou in 2025, noting the need for a coordinated master plan under the ministry’s jurisdiction, as the Ayia Fyla forest falls within its remit.

Regional Collaborative Efforts For Sustainable Development

The initiative forms part of a broader regional collaboration involving the municipalities of Limassol, Amathus and Polemidia, alongside academic partners including the University of Cyprus, Cyprus University of Technology and Frederick University. Current efforts focus on securing the required land before finalising a master plan that will define the metropolitan park’s boundaries.

Mayor Armeftis said the phased approach reflects international practices, where military infrastructure is relocated to support long-term urban development.

The Polemidia forest area is planned as the first phase of the project, with future expansion expected to connect surrounding areas, including the Polemidia dam and other green zones across Limassol. The initiative, first introduced in 2022 under the “Integrated Limassol Development” framework, addresses urban expansion while supporting environmental planning.

Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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