Also known as the Larnaca Golf Course and Country Club, this project not only caused a major stir among homebuyers and local property developers, it also put Tersefanou village on the international map practically overnight just four years ago. And, despite the fact that final planning permission had not even been granted at that stage*, the newly proposed leisure resort also prompted an almost unprecedented land-rush to the tiny village.
In fact, local construction companies soon began to engage in fierce bidding wars for much coveted plots of land adjacent to the course itself, turning some humble local farmers into millionaires within the space of just a few short weeks.
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Needless to say that the village's face has changed greatly in the intervening four years
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These days Tersefanou’s original village centre is surrounded on all sides by massive, modern apartment and villa complexes. Especially to the north of the village these newly built projects are jostling for prime positions next to the golf course’s actual location.
Driving through the village centre itself, however, the first-time visitor may be in for something of a surprise, as the little community’s heart has well and truly retained its traditional Cypriot atmosphere, albeit these days with a little more polish than some other rural villages in this part of Cyprus.
Also currently conspicuous by their absence are the large-scale retail developments normally associated with large-scale property booms of this type. This, however, is mainly due to the fact that no construction company was willing to commit itself to commercial real estate development without all permits for the new resort being in place.
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Now, with all planning permits issued, work is beginning to bring Tersefanou’s infrastructure in line with its newfound status as a future golfing resort. Expansion work has already started on the road linking Tersefanou with the neighbouring villages of Kiti and Pervolia; a new spur linking to golf resort to the motorway just a few miles away is also being planned. High-end retail development is doubtlessly soon to follow, most probably to the village’s south-east, towards Kiti.
To the right can be seen a small hilltop church, located just a few hundred yards from the village’s outskirts. While in itself an inconspicuous structure, this building provides a major landmark for the Tersefanou golf course, as may be seen on the resort’s master plan. The two images below show views from this church to the north-east and south-west, respectively.
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View to South-West
View to North-East
As much as Tersefanou village's face may have changed during the past five years, it surely must be set to change even more during the coming five years, as construction on its new golf course is scheduled to commence in late 2010, and a number of high-profile preoprty developments in and around the resort are set to be announced soon.
*Final planning permission for Tersefanou’s golf course wasn’t granted until April 2010.
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Many financial consultants and analysts have picked the Tersefanou golf resort as one of the prime investments in the Republic of Cyprus. Less commonly known is the fact that through the lenders of Cyprus, mortgages are still available at favourable rates and subject to status.
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