In an exclusive video report we can reveal that plans are under way for the construction of a massive real estate development on the coast of Cyprus.

Consultants working on behalf of a consortium of European investors believe that the development will provide outstanding opportunities for overseas property investors and will also bring many benefits to Cyprus. It will create 6,000 new jobs and attract more than half a million well-heeled tourists from the EU every year.

Although the precise location of the development has yet to be revealed, we believe it will cover an area of around 250 hectares and will most probably be situated on the coast somewhere between Paphos and Limassol.

If given the go ahead the development, codenamed ‘Papholand’, will be”the most luxurious and exclusive development in the whole of the Mediterranean” according to the developer heading up the construction consortium.

In addition to luxury apartments, villas and housing complexes, the scheme includes a huge shopping mall, a 1,000 room luxury five star hotel, an artificial ski-slope, theatres, cinemas – and various other attractions including a central pillared structure to be known as the “Acropolis”.

Plans are also being drawn up for a marina that will provide berthing for 5,000 luxury yachts and an 18-hole championship golf course rivalling those of the Augusta National Golf Club, St Andrews and Turnberry.

Armed with a hidden camera, our undercover reporter managed to sneak into a project briefing and filed the following video report.

Source:Cyprus Property Magazine