Limassolgrad: the city getting rich on Russian money

Do you have too much money? I mean TOO MUCH MONEY. If yes, so you should know and visit – or maye to live in – Limassolgrad, a city getting real properity due to super riches money – mainly Russian riches. Well, let’s explain…

Almost five years on from Cyprus’s near economic collapse and bailout, Limassol is undergoing a house development boom fuelled by Russian dollars.

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

Appear to the marina’s east and the skyline is beginning to fill up with high-rise luxury apartment developments. Appear west and by 2021 Europe’s greatest casino resort is on account of have opened its doors. The €550m investment aims to attract a minimum of 300,000 vacationers and 11,000 jobs.

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Extra facts:
Cold Calls * For a lot of folks there’s nothing far more annoying than coming home from perform right after a long day, prepared to relax as well as the phone rings and there is a telemarketer around the other finish. Now you’ve got this financial planner attempting to give you a speech about how all your economic wishes can come accurate.

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