Israeli developer plans resort conversion of abandoned Cypriot village near Limassol

An Israeli company has secured planning permission to transform the abandoned village of Trozen, near Limassol, into a resort development. The scheme is substantial: 60 homes, a winery and camping facilities.

Local opinion is divided. Some residents support the project, arguing that the dying village needs investment and job creation. Others oppose it, citing concerns that the mountain landscape will be permanently altered and environmental pressures will increase.

For investors, this signals an emerging segment of the Cypriot market. Developers are moving inland: following the coastal boom, the most promising format is now "village plus agritourism plus services". Early-stage pricing is lower than established beachfront projects, but timelines can slip significantly due to community opposition.

For those considering Cyprus as an investment destination, such "inland" projects warrant close attention. Returns are higher, but the investment horizon is longer.