Welcome to Limassolgrad: the city getting rich on Russian money

Click For Larger Image & Read More
Welcome to Limassolgrad: the city getting rich...
 © TheGuardian 2018
The skyline in Cyprus is changing rapidly with rich Russians moving in to claim a little slice of the EU

Nearly five years on from Cyprus’s near financial collapse and bailout, Limassol is undergoing a property development boom fuelled by Russian money.

In the marina of the island state’s second largest city, opened in 2014 by the president, Nicos Anastasiades, super-yachts are birthed in front of €15m villas along with their support ships carrying helicopters and other accoutrements of the super rich.

Look to the marina’s east and the...


This article was automatically added to our system 17-2-2018

Welcome to Limassolgrad: the city getting rich on Russian money


The contents of this article including any associated images are © TheGuardian 2018
Views & opinions expressed in this article are those of the author and/or TheGuardian .

  • Click Here
Advertise Here

Trending Cyprus News

Article Tags: welcome, limassolgrad, getting, russian, money,

 

  • Click Here
Advertise Here

24hr News