New homes
New build homes in Kastro, Limassol Old Town
Kastro sits inside a conservation area, which means new build here is the exception rather than the rule: most transactions are restorations of existing stone townhouses and carob warehouses into apartments or loft-style units, with genuinely new construction limited to small infill plots approved under strict façade, height and material controls.
Arvora does not build in Kastro. We advise clients weighing a Kastro restoration or rare infill unit against our own new-build projects in Columbia and Ekali, since the buying process and risks differ substantially between the two.
- Limassol Marina
- 4 minutes on foot
- Seafront promenade
- On the doorstep
- Larnaca Airport
- About 45 minutes via the A1
- Typical format
- Restored townhouses and loft conversions; small infill new builds
- Typical unit size
- 45–90 m², courtyards rather than gardens
Restoration versus genuine new build
Most Kastro stock available to buy as a finished or near-finished product is a restoration: an existing stone building converted internally to modern apartments while its façade, height and, in some cases, roofline are preserved under heritage rules. Genuine new build — construction from ground up on a cleared plot — happens occasionally on the rare vacant plot, subject to the same façade and height controls as any restoration nearby.
Either way, expect narrow street access, limited or no private parking, and courtyards rather than gardens as the outdoor space on offer.
Sizes and specification
Units tend to be smaller than suburban new build, from around 45 m² for a compact one-bedroom loft to around 90 m² for a larger apartment across a converted floor. Ceiling heights and original stone or timber features are often retained deliberately as part of the value proposition, which limits how far layouts can be standardised compared with a purpose-built block.
Cost lines beyond the advertised price
Conservation-area work typically costs more per square metre than equivalent suburban new build, reflecting specialist materials, slower approvals and, in some cases, archaeological monitoring during groundworks. These costs are usually already reflected in the sale price of a finished restoration, but should be scrutinised carefully if buying into a project still under construction.
- VAT at the standard or reduced rate, or transfer fees on resale property
- Legal and land registry fees
- Higher-than-typical contingency for archaeological or structural findings if buying into an unfinished restoration
- Cost of securing a nearby public or private parking space, since on-site parking is rarely available
What to check before buying in Kastro
Confirm the conservation status and permitted works on the specific building, since what an owner can alter later is far more restricted here than elsewhere in the city, and this affects long-term flexibility as well as insurance.
If buying into an unfinished restoration or rare infill project, check the building permit and any archaeological clearance status directly, since delays here are more common and more consequential than in suburban new build.
Rental and resale demand
Kastro performs strongly for short lets given its position beside the marina and old town restaurants, though building-specific rules on short-let use vary and should be checked before assuming rental flexibility. Resale demand is supported by genuine scarcity — supply cannot expand meaningfully within the conservation boundary.
Who it suits
Buyers who want a city-centre, lock-and-leave property rather than a suburban house, second-home owners visiting for extended stays, and investors targeting short-let income where building rules permit it. It suits families with young children less well, given the scarcity of private outdoor space.
Frequently asked
General information, not legal, tax or financial advice. Specifications, costs and rules change — confirm the current position with your lawyer and with our team before you commit.
Speak to our team