Residential Land in Kolossi

The Property House presents an attractive residential development opportunity in Kolossi, Limassol, comprising three plots with a combined land area of 2,593 m².

Situated in an established residential area to the west of Limassol, this land offers developers the opportunity to create a new apartment development in a location with convenient access to the city, motorway and surrounding amenities.

The owner is open to a land-for-apartments exchange agreement (αντιπαροχή), requesting a 25% share of the completed apartments in return for contributing the land. This arrangement provides an interesting alternative to an outright land purchase for developers looking to structure their next residential project.

Development Potential – H2 Residential Zone

With a 90% building density, the land offers substantial potential for a residential apartment development, subject to the applicable planning regulations, site layout, access requirements and relevant approvals.

The combination of three plots and a generous overall land area gives developers flexibility to explore different apartment configurations, communal areas, landscaping and parking arrangements.

The final number of apartments, saleable area and development layout would need to be established through an architectural and planning feasibility study.

Kolossi – An Established Residential Area Near Limassol

Kolossi is a well-established community in the Limassol district, located west of the city and known for its residential neighbourhoods, local amenities and convenient motorway connections.

The area provides easy access to the A1 and A6 motorway network, connecting residents to Limassol city centre, the wider Limassol district and other parts of Cyprus.

Nearby communities include Erimi, Episkopi, Ypsonas and Trachoni, while everyday facilities such as supermarkets, schools, bakeries, pharmacies, cafés and local services are accessible in the surrounding area.

Kolossi also offers convenient access towards My Mall Limassol, the Limassol Casino Resort, the Zakaki commercial area and the western business and industrial districts.

For developers, the location offers an opportunity to create modern residential accommodation outside the higher-priced central and coastal areas of Limassol, appealing to local buyers, families and professionals seeking practical homes with good transport connections.

Land-for-Apartments Exchange – Αντιπαροχή 25%

The owner is seeking a 25% return in completed apartments through an αντιπαροχή (land-for-apartments exchange) agreement.

Under the proposed arrangement, the developer would undertake the residential development, while the landowner would receive an agreed allocation of completed apartments representing 25% of the project, subject to the final commercial and legal terms.

This structure may be of particular interest to developers who prefer to allocate part of a completed development to the landowner rather than purchase the land entirely in cash at the outset.

The precise allocation of apartments, their agreed values, specifications, delivery schedule and other contractual conditions would be negotiated between the parties.

With its 2,593 m² land area, H2 residential zoning and 90% building density, this property offers an opportunity for developers seeking residential development land in the wider Limassol area.

For further information, plot details, location plans or to discuss the proposed 25% αντιπαροχή arrangement, please contact The Property House. We would be delighted to discuss the opportunity with interested developers and investors.