Four luxury apartments within the same complex in Germasogeia (Limassol)

This three-story property boasts seven luxurious apartments, three of which are one-bedroom and four are two-bedroom, each with a large veranda. 

Four apartments are currently available for sale, and each has access to stunning panoramic views of the city.

Located in the popular area of Germasogeia in Limassol, this modern development is only a 10-minute drive from the city center, easily accessible to the highway, and just 3.5km from the sea.

All the apartments contain high-quality fittings and finishes, immaculately designed, each with one or two marble bathrooms. 

The entrance door of the building is made of solid iroko wood, complemented by beautifully crafted marble stairs. In addition, there is a privately owned parking area on ground level, allocated storage units, and a landscaped communal garden with an irrigation system.

Another highlight of the development is the communal rooftop garden with a swimming pool. Residents can relax on the top floor anytime and enjoy breathtaking sunsets in the evening. 

Under an hour away from an international airport, the property is close to attractions such as Dasoudi Beach, Oasis Luna Park, and Germasogeia Reservoir. Moreover, plenty of amenities are close by, such as shops, cafés, and restaurants.

Located near the German Oncology Center and Foley’s School, this development is an ideal investment in Limassol for either holiday homes or permanent residences.

One two-bedroom apartment costs €350,000, and a one-bedroom is €250,000. The total cost for the four remaining apartments is €1,200,000.

Please see the apartment's design specifications below.

Amazon Investments is searching for investors to co-finance the construction of this luxury apartment complex in one of the most sought-after areas of Limassol.

As the corporate center of Cyprus, Limassol is home to thousands of multinational companies, mainly those in the technology, shipping, investment, and finance sectors.

The benefits of the low corporate tax, the zero dividend tax, the IP Box Regime, and the New Strategy for Attracting Business combined have transformed Cyprus into the most attractive relocation center in the Middle East and Southern Europe.

Over 18,000 companies of foreign interest submitted applications to register a company in Cyprus between 2020 – 2022. Not only do new regulations facilitate the relocation of high-paid employees, but also their family members and grants the employment of spouses.

More than 1000 high-paid executives are expected to arrive in Limassol with their families in 2023, looking for high-end properties to support their aspirations for a new luxury lifestyle.

Limassol’s high-demand residential real estate market is distinguished by two areas, primarily above and below the highway. 

Due to a decrease in supply, the price of properties below the highway experienced a gradual increase of 25% in the last two years. Properties above the highway experienced an increase of 10%. This upward trend is expected to accelerate in 2023 due to the developments in Ukraine.

The average selling price of luxury apartments above the highway is €4,500 per sq.m. The co-financing of this project will enable Amazon Investments to complete it for €3,500 per sq.m.

The project can also be used as a rental business with an expected average net return of 8.5%. A property management company of Amazon Group Services can manage the project if required.

The Price of €1,200,000 + VAT does not include the cost of furniture (€90,000) and underfloor heating (€70,000).

The VAT is fully recoverable after one year if the project is registered as a short-term rental business with CTO (Cyprus Touristic Organization).

Amazon Investments is part of the international group of Companies, Amazon Group Services. The group has many clients from the CIS countries wanting to relocate to Cyprus and are actively searching for premium residential and commercial buildings in the cities of Cyprus.