5 Star Latchi Panorama Development Cyprus

Latchi Panorama is a brand new development launch on the Island of Cyprus. Situated in the prestigious location of Latchi, the area is home to the most exclusive 5 star Anassa hotel in Cyprus and at €2m the beachfront villas here, are some of the most expensive property on the island. Latchi Panorama is an exciting 5 star apartment resort due for release March 2008 and with sales in this exclusive opportunity expected to be brisk, Real World International are already compiling a ‘pre-release waiting list’.

To ensure the 5 star build quality of Latchi Panorama, the developer has elected to work with successful architect and designer Nicholas Meletiou, renowned for his work at Queens Tennis Club, England and his involvement with many of Cyprus’ high profile resorts. With stunning, uninterrupted sea views, unrivalled in Cyprus, Latchi Panorama takes luxury living to a whole new level with a wealth of facilities including outdoor and indoor swimming pools, a la carte restaurant with lounge bar and a full concierge service in addition to the onsite rental management office.

Combining style, elegance and luxury, the height of the Latchi Panorama plot, nestling in the hills surrounding Latchi, ensures every home will enjoy clear views over the town of Latchi and out to the Mediterranean Sea. Enjoying a prime location on the western coast of Cyprus, this once traditional fishing village, is gathering interest from speculative investors keen to tap into the growing potential of property in Latchi. In addition to the attractive rolling hills of Akamas Peninsula National Park, long stretches of pristine beaches and authentic fish taverns, Latchi has been earmarked for tourism investment by the town hall, who have granted planning permission for two new 18 hole golf courses and a new marina, just 7 minutes away from the new Latchi Panorama development. These newly planned projects have set prices rising and property investors and holiday home buyers flocking to the area.

Furthermore, infrastructure investment is also underway with confirmation from The Cypriot government that a 30 year contract of works to include financing, design, construction and operation, will soon begin on a new €470 Million motorway linking Paphos to Polis. With airport journey times slashed from an hour to less than 20 minutes, the advent of a new motorway should see Latchi and Polis become much more sought after. With nearly 40 airlines operating over 260 weekly international flights into both Larnaca and Paphos airports, expansion is already underway due to increased passenger demand. Both airports handled record passenger traffic of over 7m visitors in 2007, attributed to growing numbers of second home owners, permanent retirees and visitors travelling to Cyprus.

The island of Cyprus is the 3rd largest in the Mediterranean and since joining the EU in 2004 on the back of solid and steady economy and following a smooth and successful switchover when Cyprus introduced the euro as official Cypriot currency in January 2008, it is widely expected that Cyprus will see a jump in tourism levels, given the improved ease of holidaying there thanks to the euro. Cyprus is also expanding its tourism offerings to include wedding tourism thanks to an uncomplicated legal structure and guaranteed sunshine proving a winning combination. The rise of the real estate market in Cyprus is also expected to benefit from the euro in line with previous adopters who have witnessed significant increases in property prices.

The development of Latchi Panorama is ideally positioned close to the famous Baths of Aphrodite and natural parkland with Paphos and the coastal town of Polis and Coral Bay all within easy reach. From just £15,000, you can invest in a sea view apartment in Latchi Panorama, a low 15% deposit and 5% on completion in Spring 2011 with the option of an 80% mortgage ensures the purchase process is affordable and straightforward. A selection of apartment sizes includes some 1 bedroom apartments available with roof terrace and a spa whilst other units enjoy a private sauna and games room. Large balconies overlook extensive tropical landscaped gardens and pool area with waterfalls, set against a stunning sea view backdrop.

With full details on Latchi Panorama properties as yet unconfirmed, prices are expected to start around £99,000 when this new development launches in March 2008. To be one of the first to receive notification on the release of Latchi Panorama please call Real World International on +44(0)20 7936 9013 or click here to register your contact details on the Latchi Panorama pre release waiting list.

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