AP reports that permits for more than 20 buildings designed to be 12 stories or higher also have been approved in and around Limassol, a coastal vacation spot with a reputation as the most cosmopolitan city on Cyprus, according to Costas Galatariotis, president of the Limassol Chamber of Commerce and Industry.
Among them is what government officials say will be Europe’s largest casino resort.
Luxury apartment towers and other high-rise properties in Limassol primarily are marketed to foreign investors who want to obtain European Union passports. The government gives non-EU citizens who put a sizeable chunk of money into the country the opportunity to acquire Cypriot citizenship.
But the tall buildings are not welcomed by all Limassol residents. Some consider them eyesores. Homeowners near the construction sites say they’re fed up with the noise and debris and worry about the new developments casting shadows on their properties, Cyprus Greens party spokesman Alkis Papis noted.
Read more at ekathimerini.com
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