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Luxury high-end apartments on a 23-store tower with hotel amenities. The project is being developed along the beach road of Parekklisia area, in one of the most prestigious areas of Limassol. This unique high-rise building consists of only 17 luxurious apartments and a 5-floor penthouse. At road level there is a grand plaza leading to a gourmet restaurant, professional SPA, sauna, hammam, massage room, heated pool in a cave style enclosure, cigar lounge and a VIP bar for club members, wine cellar and jewelry boutique. At this level there is also a parking for residents (36 parking spaces) as well as a separate parking for restaurant and commercial area visitors and guests (40 parking spaces). On the first floor there is the entrance lobby and reception on two levels. On the grounds of the complex (about 8.000 m².) there is a half-Olympic size (25x10m.) mosaic swimming pool with a bar, tennis court, park, and a playground. The project’s grounds are enclosed with a secure fence, and a 24-hour video surveillance. The rest of the building consists of the following: — 3rd and 4th floor – apartments. — 5th floor – sauna and gym. — 6th floor – Roman bath style heated indoor swimming pool with a bar – breakfast and recreation area. — 7th -12th floor – apartments. — 13th floor – Sky Garden, which is part of the restaurant on the next floor. — 14th storey – a fine dining restaurant which has a separate elevator and parking area. — 15th -18th stories – apartments. — 19th-23rd stories – penthouse apartment with its own elevator and a swimming pool. Price from 2,140,800 Euro + VAT.
The Investor obtains residence permit or permanent residency in Cyprus by purchasing a newly-built property for at least €300,000. Our team at Tranio will help to make a deal remotely, collect a set of documents, and make an application.
If this property wasn’t for you, take a look at other new homes for sale in Cyprus.
You can see more new homes for sale in Limassol (city) elsewhere on our website.
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After clarifying your enquiry, we will introduce you to our partners and/or local agents.
We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.
You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.
Having chosen the best property, you will sign the sales or investment agreement (for development).
It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.
The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.
In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain and Latvia offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Turkey passport by buying a property worth at least $400,000.
We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.
The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.
