Many settled in Limassol to take advantage of the favourable tax environment in Cyprus, and with the lucrative industry came a new class of moneyed professionals
In Cyprus's southern coastal city of Limassol, Russian and Ukrainian firms fleeing wartime conditions, and Israeli investors betting on real estate, have driven prices up and local residents out.
The only solution, according to Limassol mayor Nico Nicolaides, is to build social housing, "We don't want Limassol to become a city where only white-collar workers can live," he told AFP.