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Altamira presents Larnaca’s largest seafront development site for sale

Cyprus Mail · 2026-06-29

AI SUMMARY

• What happened: Altamira Real Estate has announced the sale of a 235,657-square-meter seafront landholding in Softades, Larnaca, featuring 410 meters of beachfront and located near Larnaca International Airport. • Why it matters: This property is positioned in a rapidly emerging investment hotspot, offering significant potential for high-end developments such as luxury resorts and hotels, and is priced attractively compared to similar sites in the area. • What to watch next: Interested buyers can submit offers until July 14, 2026, and the response to this opportunity may indicate the level of investment interest in Cyprus' coastal properties.

**Altamira Presents Larnaca’s Largest Seafront Development Site for Sale**

Altamira Real Estate has announced the availability of a significant investment opportunity in Softades, Larnaca, offering a 235,657-square-meter seafront landholding. This prime property features an impressive 410 meters of beachfront and is strategically located just 10 minutes from Larnaca International Airport and 3 kilometers from the popular tourist area of Pervolia.

The site is positioned in a rapidly emerging investment hotspot, recognized as a potential major growth destination within the district. Its substantial size and unique characteristics make it particularly suitable for various high-end developments, including luxury resorts, hotels, tourist villages, and mixed-use projects. The land is zoned for tourism, which provides developers with considerable flexibility regarding planning, design, and execution of projects.

Potential buyers have the option to acquire the entire property for €21 million or to purchase it in three distinct groups:

- **Group 1:** €11.5 million for 133,127 square meters with 270 meters of seafront frontage.

- **Group 2:** €8 million for 83,325 square meters with 140 meters of beachfront frontage.

- **Group 3:** €1.5 million for 19,205 square meters with access to a public road.

A notable advantage of this offering is that all three groups provide access to a public road, facilitating immediate utilization and development. This is particularly relevant in a market where large-scale seafront land opportunities are becoming increasingly rare. The asking prices for these properties are significantly lower than those of comparable beachfront development sites in the broader Larnaca area, making this an attractive proposition for investors.

The opportunity is expected to yield strong potential for future capital appreciation and attractive long-term investment returns, given the increasing demand for coastal properties in Cyprus.

Interested parties are encouraged to submit their offers via the Altamira Real Estate website by the deadline of Tuesday, July 14, 2026, at 10 a.m. For more information about this unique investment opportunity, prospective buyers can visit the Altamira Real Estate website.

Source: Cyprus Mail
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