Welcome to Limassolgrad: the city getting rich on Russian money

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The skyline in Cyprus is changing rapidly with rich Russians moving in to claim a little slice of the EU

Nearly five years on from Cyprus’s near financial collapse and bailout, Limassol is undergoing a property development boom fuelled by Russian money.

In the marina of the island state’s second largest city, opened in 2014 by the president, Nicos Anastasiades, super-yachts are birthed in front of €15m villas along with their support ships carrying helicopters and other accoutrements of the super rich.

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Source: russia
Link : Welcome to Limassolgrad: the city getting rich on Russian money

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