Cyprus Property Forum for Buyers, Sellers & Investors

I see the zone Πκ3 quit a bit. A tourist zone but only 1 floor, 5m height. It seems largely underutilized, I assume because developers can't cut it up into tiny plot and built 2 floor villas. Plots would need to be twice the size for the same sqm size house, so less profitable.

What's the rationale behind a 1 floor tourist zone? Why do these even exist? Truly curios.

tom.want wrote: 12 May 2024 12:51I see the zone Πκ3 quit a bit.

This is residential land with restricted use and can be found in Neo Chorio, Druseia, Ineia, Pano Arodes, and Kathikas. It has a building density of 25%, maximum coverage of 25%, and you can build a single floor, maximum height 5 metres.