Ipanema, Tochni, Larnaca

GPA Upgraded Homes is a Cyprus construction and development company building modern, energy-efficient homes across Limassol, Nicosia and Larnaca under the motto “High Quality, High Standards.” Its portfolio spans contemporary apartment buildings, a private-pool villa and a restored historic stone house — from Aurora Residence and #AKIO in Limassol to Sapphire I and Duopoly in Nicosia.

Larnaca is Cyprus's third-largest city and the gateway to the island, wrapped around a palm-lined seafront on the south-east coast and served by Larnaca International Airport — Cyprus's main air hub, roughly ten minutes from the city centre. Long overshadowed by Limassol and Paphos, it has become the market's value and catch-up story: modern seafront apartments still trade well below Limassol, and beach districts such as Mackenzie and Drosia have posted double-digit price growth as buyers chase the discount. The catalyst is the waterfront — the long-planned EUR 1.2 billion Larnaca Port & Marina redevelopment, relaunched by the government in 2026 as a phased, state-led programme after the original concession was terminated. For foreign buyers the framework is simple and EU-grade: any nationality can own freehold property, with title registered at the Land Registry (Department of Lands & Surveys) and non-EU purchasers cleared by routine Council of Ministers approval. A qualifying EUR 300,000 new-build purchase also opens permanent residency — a residence permit, not citizenship.