Why Kanika Developments?

For decades, Kanika Developments has been making dreams come true, by offering Cypriots and foreigners, permanent residents, regular holidaymakers, investors and retires the perfect property. But what is it that makes a Kanika house an ideal home?

Value-Added Locations

Look around and you will notice that every Kanika Development occupies an exceptional spot in a preferential location. Exactly how Kanika Developments identifies and acquires select prime locations is neither a mystery, nor a coincidence.

With a deep understanding of home buyers’ preferences and a trained and experienced eye, Kanika Developments’ team of experts in the property market is always on the lookout for locations with beauty, potential and prospects.

Land sellers, on the other hand, are keen to deal with a highly reliable land buyer, such as Kanika Developments, a company that enjoys an enviable reputation and is known to exercise good business practices. Where competition comes into play, Kanika’s financial strength and good name give it an additional edge. It has always been the philosophy and policy of Kanika Developments’ founder to purchase sites that are second to none.

Built for Life

Kanika Developments’ guaranteed high quality construction is more than a valid claim; it’s a concrete fact that has stood the test of time! The company is not merely owned but is also actively managed by a family whose members are architects, civil engineers and construction project managers. With the founder, Mr. Theodosis Sp. Karaolis, active in the field and involved in major construction projects as an architect and construction manager since 1964, Kanika Developments, as a company, was established in 1976 in Lemesos. Thus, after more than three decades in the industry and with many major construction and real estate projects to its name, Kanika Developments prove that, indeed, practice makes perfect. Kanika Developments’ established professionals in the company’s technical and design departments together with its long-standing project managers have developed a pattern of operation that allows Kanika Developments to achieve 100% consistency in its high quality construction.

Decades of experience both in the industry and the market allow Kanika Developments to design homes that are visually appealing and intrinsically practical. Having served thousands of home buyers to date, Kanika Developments is well aware of the contemporary buyer’s needs as well as the changing trends.

Finally, Kanika Developments ranks among the few construction companies on the island that have been using only tested and approved construction materials and modern technology for so long.

Superior Service

Kanika Developments is known for its professionalism, and that includes offering each individual buyer a complete range of services, which will facilitate the process of secure property acquisition followed by an after sales service beyond compare.

With so many years in the business, our long-standing management and staff are fully aware of the needs of local as well as overseas buyers – and their valid concerns.

Organised and professional A to Z services cover complete buyer support, from customizing property designs to professional assistance with bank loans and all other financial, tax, and legal issues and formalities. But don’t take our word for it; the company’s track record of prompt delivery, secure title deeds and commitment to customer satisfaction at every stage speaks for itself. And once you are the proud owners of a Kanika property you will continue to enjoy the benefits of after sales service and property management, all designed to assure buyers that they, and their home, are in safe and professional hands.

Long and Proud History

In a highly competitive environment such as the Cyprus property market, only the fittest survive, long-term. Not only has Kanika Developments been operating for over 30 years, but it is also a key member of the Kanika Group of Companies. The established and reputable Kanika Group ranks among the leaders on the island in the fields of hotel ownership/operation, construction, development and property management. The Group employs over 600 members of staff – with many of the staff and executives serving the Kanika Group for over 20 years – and is associated with a network of some 20 professional Kanika partners.

The Kanika Group unites Kanika Developments, Kanika Property Management Ltd, and Kanika Hotels plc, a public company listed on the Cyprus Stock Exchange. Total group assets for the year 2008 increased to €110.000.000, while the Group’s performance earned over 50 prestigious awards and accolades from the Cyprus government as well as global corporations and associations.