Buying a home in Cyprus is a great opportunity to get a source of passive income. This will provide financial security, as well as a unique chance to live in a European country with a mild sunny climate and developed infrastructure. The Republic is characterized by a low crime rate, favorable conditions for business and leisure. Another advantage of buying a house in a residential complex in Cyprus was the opportunity to obtain EU citizenship if the investment exceeds EUR 2,000,000. Cyprus has suspended its citizenship-by-investment program, in its current form, effective from 1 November 2020. The Republic also combines a strong Russian-speaking community and hospital locals.
Benefits of living in Limassol
This resort city remains one of the most popular among foreign investors. Half a century ago, Limassol was considered a small industrial settlement where enterprises were located on the red line. The city has changed significantly due to the development of the tourism industry in Cyprus. Now it is considered the second largest.
Limassol is located on the southern coast of the island. Residential complexes in the city cause increased interest among foreigners due to the following factors.
- Subtropical Mediterranean climate. Limassol has mild winters and hot summers that last 8 months. The daytime temperature does not fall below +7°C even in the cold season, and the sun is up for at least 6 hours a day.
- Great number of foreigners. About 86% of the population of Limassol is Greek Cypriots who are sympathetic to immigrants from other countries. The rest of the population consists of Russians, Bulgarians, Romanians and Englishmen. Official data shows that their number exceeds 20,000 people out of all 235,000.
- Good business opportunities. Limassol has become a center of tourism and trade due to a good geographical location and the large port.
- Reasonable cost of housing. Although real estate prices began to grow significantly upon Cyprus becoming a member-state of the European Union, they remain 40% lower than in Spain and 50% lower than in France.
- Wide choice of real estate. Housing in Limassol is represented by luxury villas, penthouses, comfortable houses and maisonettes. You will definitely find the option to meet all your needs.
Limassol was built between two ancient cities of Kourion and Amathus. The historical center is located near the medieval castle. Archaeological excavations have shown that the area was inhabited in the period from the 2nd to the 8th centuries BC. Now the most popular parts of Limassol for buying real estate include Yermasoyia and Agios Tychonas. Here the real estate market is represented by luxury villas and mansions on the red line, as well as affordable houses and townhouses within walking distance to the necessary infrastructure and beaches.
Distinctive features of residential complexes
Residential complexes in Cyprus are a separate category of real estate with the following important features.
- The plot allocated for construction is owned by the construction company and is included in the general layout.
- Residential complexes in Cyprus consist of at least one apartment building of any number of floors.
- The adjacent territory of the residential complex provides recreation areas, pathways, playgrounds, landscaping and small architectural forms.
- Buildings of residential complexes in Cyprus are united by a common style and concept.
- Buildings and structures included in the residential complex are maintained by a single management company.
- Commercial areas and outbuildings located in residential complexes are for residents only.
The complexes may include both luxury villas in Limassol and affordable townhouses. Some projects combine different types of real estate.
Best Residential Complexes in Limassol
Projects by P.L. Property Gallery Developers & Constructors Ltd. are worth considering among the many housing options in Limassol. The biggest construction company in the region offers an abundance of luxury real estate in Yermasoyia and Agios Tychonas. Limassol villas included in the portfolio meet all the requirements of quality and comfort, as well as differ in a unique modern style. They were built using the best materials, proven and innovative solutions due to which they were highly appreciated by the expert community.
Aurora Residences
The gated residential complex was awarded the significant International Property Award in the Best Development Cyprus category. Location is the main advantage of this compact and cozy residential complex. Aurora Residences is within walking distance of the sandy beach of one of the five-star hotels in Cyprus. The residential complex includes 12 townhouses with 2 bedrooms and several maisonettes. The view from the living areas opens onto a manicured lawn with a swimming pool and patio. The complex also includes several villas with a private pool.
Alfa Residences
This real estate is included in the list of the best residential complexes in Limassol due to the unique combination of charm, safety, functionality and convenient location. Alfa Residences includes 4 luxury apartments and a penthouse on the third floor. The residential complex is located in the tourist center of Limassol called Yermasoyia. The beach is only 600 meters away, which provides a comfortable living and recreation.
Omega Residences
This project stands out among the best residential complexes in Limassol for its unique combination of innovation and bright exterior solutions. The building exterior is in marked contrast to similar buildings in Cyprus. It looks stylish and modern. Top materials used for the interior of the residential complex are designed to provide comfort all year round.
One of the best residential complexes in Limassol is located within the distance of 600 m to the sea in Yermasoyia. Five apartments, including a spacious penthouse, take up three floors.
Delta Residences
If you are looking for a comfortable and cozy housing in Limassol, this project will strike a chord with you. Unsurpassed stylish exterior, reminiscent of the Greek letter "delta", combined with a thoughtful layout makes the residential complex one of the best. Delta Residences can be called an oasis of luxury and comfort. The residential complex is located in a quiet neighborhood with developed infrastructure. There are dry cleaners, shops, schools, fitness and developmental centers, beauty salons nearby.
EVERGREEN
One of the best residential complexes in Limassol is located in a mountainous area with charming views. Everyone will find the necessary privacy and comfort here. This housing offers zero energy consumption due to solar panels. The building located in the privileged area of Agios Tychonas has two blocks for 6 and 9 apartments.
How to buy an apartment in the best residential complex in Limassol?
If you would like to buy a villa or other accommodation in Cyprus, try to find a trusted construction with decent reputation among partners and clients. And P.L. Property Gallery Developers & Constructors Ltd is the best choice. The company offers not only the sale of apartments but a whole range of related services.
- Lease.
- Real estate management.
- Interior design.
- Landscape design.
Experts from P.L. Property Gallery Developers & Constructors Ltd. will help you choose the best solution based on your preferences, as well as guide in all issues and prepare the necessary documents.
