Southern Cyprus planning authorities have announced plans for the development of a new marina in the Famagusta region of the country.

The marina will be built in the Golden Coast Fishing Harbour region, near to the Avgeniros Gardens and Kalliope Villas. A fishing shelter will be built at Aiya Tirada beach.

A range of new facilities will also be built on the development, including restaurants, cafés, pubs and a museum.

The regeneration of the area will result in an increase in capital growth for Cyprus – great news for investors who have purchased property to let, as interest in the region will amplify when a completion date is set.