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Monthly Archives: March 2014

Euro Disney Mediterranean Cyprus

theme_park_1

Euro Disney Mediterranean Cyprus

Permission granted for Euro Disney Mediterranean Cyprus in Oroklini theme park

Plans to construct a ‘Euro Disney Mediterranean Cyprus’ theme park near Oroklini, which stalled in 2012, were given the go-ahead by the government in a policy statement issued 4th March 2014

Reports that the Cyprus government has granted permission for the construction of a Disneyland-style theme park near the village of Oroklini in Larnaca district.

According to the report, the permission was contained in a policy document published 4th March, and includes the construction of touristic village and a five star hotel set in 500,000m2 of land.

The project first hit the news in 2009 when the Greek-language newspaper Politis revealed plans to build a Disneyland-style tourist theme park near Pyla on 80 hectares of land (800,000m2).

The venue subsequently shifted to Oroklini, but two years ago plans stalled as discussions continued between the Government, Russian investors and land owners in the area to see how the land would be used. It looks as if the five-year wait may be over and although smaller than originally planned, the theme park should generate much-needed revenue from tourism when completed.

This should also improve the demand for properties in the area with prices increasing accordingly as people would want to live there and tourists demand when they visit would also increase the rentals market.

Is it now time to invest in the area with a Euro Disney Mediterranean Cyprus, we think so as many prices for properties have reached rock bottom with many bargains to be had.

Pyla, Larnaca, Ayia Napa
 

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