Property development2 min readUpdated August 2026
How Developers Appraise a Limassol Scheme Before Buying Land
Residual land value, sales rate assumptions, cost contingency and the sensitivity tests that stop bad projects early.
Residual land value
Start from realistic gross development value, deduct construction cost, professional fees, finance, marketing and the required profit, and whatever remains is what the land is worth. Land offered above that number is either a different scheme or a loss.
Sensitivity
Test the scheme at ten per cent lower sales prices, ten per cent higher costs, and six months of extra programme, all at once. A project that only survives the base case is not a project.
Absorption
How many units the local market absorbs per quarter matters as much as price. Twenty units in a district that sells six a quarter is a finance problem disguised as a sales problem.