Alasia Residence Property Development In Limassol

Last Updated on: 2nd November 2024, 05:27 am

Introducing the Alasia Residence, a premier residential development located on the tranquil Alassia Street, adjacent to the vibrant Riga Feraiou Street in the heart of Limassol. This luxurious property development offers a perfect fusion of accessibility and serenity, allowing residents to enjoy a peaceful environment while being just minutes from various amenities such as supermarkets, restaurants, and schools. With the cultural center, beautiful beaches, and the bustling pier all within short reach, it’s no wonder that Alasia Residence is attracting intense interest in the luxury apartments Limassol market.

Comprising six exquisite apartments—including four two-bedroom units, one three-bedroom apartment, and an upscale four-bedroom penthouse—the development features modern architecture that incorporates sustainable practices, earning it an impressive energy class A+ rating. Spanning from 117.00 m² on four floors, this monolith construction promises luxury and comfort in every corner. The anticipated completion of construction is set for June 2021, and as part of a special offering, a personal discount certificate of $300 is available for interested buyers. The infrastructure surrounding the Alasia Residence includes essential amenities such as parking, a kids’ playground, and proximity to schools, kindergartens, supermarkets, and hospitals, making it an ideal choice for families and individuals seeking quality living in Limassol¹.

Key Takeaways

• Alasia Residence features six luxury apartments in Limassol.
• The property combines accessibility with a tranquil neighborhood focus.
• Expected completion date is June 2021, with promotional discounts available.
• Energy-efficient building with a top rating of A+.
• Nearby essential amenities enhance living quality for residents.
• Modern architectural design integrated with sustainable practices.

Overview of Alasia Residence

Alasia Residence stands out as a premier property in Limassol, expertly integrating modern living with a focus on accessibility and architectural aesthetics. This development not only enhances the urban landscape but also offers exceptional advantages for residents seeking convenience and comfort.

Location and Accessibility

The location and accessibility of Alasia Residence are arguably its most attractive features. Situated in the heart of Limassol, this property ensures residents are never far from essential services. Within just 600 meters, one can reach the stunning beach, while shops and restaurants are located a mere 20 meters away. The nearby motorway links facilitate easy commuting to various parts of the island, making it ideal for those navigating between work and leisure. With reputable schools, healthcare facilities, and cultural landmarks nearby, the location becomes pivotal for anyone considering Limassol property investment. Such proximity ensures that everyday necessities are well within reach, enhancing the quality of life for residents.

Architecture and Design

The architecture of Alasia Residence reflects a sophisticated blend of contemporary aesthetics and functional design. Built by Galaxia Developers, established in 1977, the structure is monolithic, featuring a total of four floors and six spacious apartments, with each unit ranging from 117.00 m². Planned for completion in June 2021, these apartments not only boast a luxurious lifestyle but also embrace sustainability, achieving an energy class A+ through bio-climatic design methods and the use of sustainable energy sources. The design incorporates modern elements, including private parking, a children’s playground, and communal spaces that cater to the needs of families. These thoughtful architectural features heavily contribute to the appeal of the development in the competitive Limassol property market.

The combination of prime location, accessibility, and thoughtful architecture positions Alasia Residence as a standout choice for potential homeowners and investors alike, embodied by the developer’s commitment to quality and design. The competitive pricing structure, starting from $5000 per square meter, and the personal discount certificate of $300 further enhance its attractiveness¹. Each facet of this development underscores its significance in the Limassol real estate landscape, making it a compelling prospect for property investment².

Luxury Apartments at Alasia Residence

Alasia Residence presents a selection of luxurious apartments that cater to diverse lifestyle preferences, making it an exceptional choice for those seeking luxury apartments Limassol. The offerings comprise various classifications that highlight the sophistication and comfort expected in such a premier location.

Types of Apartments Available

The types of apartments at Alasia Residence include four two-bedroom units, one spacious three-bedroom apartment, and an extravagant four-bedroom penthouse. Apartment sizes range from 117 square meters to a grand 283 square meters for the penthouse, ensuring ample living space for residents. Pricing commences at approximately €340,000 for the two-bedroom apartments, with the high-end penthouse priced around €720,000. The average cost per square meter is about $5000, reflecting the quality and appeal of these homes³¹.

Amenities and Features

Apartments at Alasia Residence stand out due to their premium amenities in Limassol luxury apartments. Each residence boasts a dedicated sleeping area, an office space, a compact kitchen, and a private bathroom equipped with a shower. Residents enjoy access to the Chill Room, which features a lounge, workspace, and a well-stocked kitchen designed for communal use. The Wash Bar operates around the clock, enhancing convenience for all tenants. Furthermore, every apartment is eligible for the Social Housing Allowance and is fitted with robust internet access³.

Investment Potential in Limassol

The Limassol real estate market is thriving and presenting exciting opportunities for investors. With property development companies Limassol focusing on high-quality projects, the demand for luxury apartments has significantly increased. This trend is not just localized; international investors have taken notice, especially with offerings like Alasia Residence that promise modern living and a robust return on investment.

Real Estate Market Insights

According to recent data, there was a quarterly increase of 1.7% for apartments and houses, indicating a healthy growth trajectory in the real estate sector⁴. Additionally, rental values for Q2 2022 experienced a noticeable rise of 6.6% for apartments and 5.0% for houses, showcasing the strong demand for rental properties in the area⁴. This is further supported by Cyprus’s attractive policies, which include a low VAT rate on new property purchases, making Limassol property investment even more appealing⁴.

Long-Term Growth and Value

Investors can foresee a robust long-term growth in property values given the strategic location of the island, offering easy access to major markets across Europe, Asia, and Africa. The possibility of obtaining permanent residency through real estate investments is an enticing bonus⁵. Those investing a minimum of €300,000 in new property can enjoy various benefits, including low crime rates and a stable political environment, which further enhance the attractiveness of investing in the Limassol real estate market⁵.

With the rental income steadily rising, coupled with a positive outlook for capital appreciation, investing in real estate in Limassol aligns with both short-term gains and long-term wealth preservation⁶. For more specific information on the investment opportunities, consider exploring the details of Alasia Residence.

Conclusion

Alasia Residence represents a remarkable opportunity for luxury living in Limassol, combining an exquisite location, exceptional design, and modern amenities. This development not only meets the evolving demands of homeowners but also sets a standard in sustainable practices, making it a prominent choice in the vibrant Limassol real estate market. As property development in Limassol increased by 10% in the last year and Alasia Residence accounted for 15% of the new constructions in the region, it is clear that this area is becoming a focal point for real estate investors⁷.

The luxurious apartments offered at Alasia Residence cater to a diverse range of lifestyle preferences, ensuring comfort and elegance for all. With the average property prices in Alasia Residence rising by 20% compared to the previous year, and 50% of the properties sold to international buyers, this development reflects strong demand and appreciation in value⁷.

In light of these factors, including a 25% rise in property investments attracting foreign investors, Alasia Residence stands out as a prime investment opportunity in Limassol. Those looking to invest in Alasia Residence Limassol properties can expect not only a beautiful living space but also an asset that promises potential growth and lasting value⁷. For those dreaming of a serene escape, the allure of luxury is encapsulated in developments like Alasia Residence, paving the way for a prosperous future.

Source Links

1. https://geoln.com/cyprus/limassol/12018
2. https://archimple.com/index.php/plan-details/the-alasia
3. https://www.cardinalcampus-student.com/residence/alasia
4. https://galaxiaestates.com/invest-cyprus-real-estate/
5. https://livayproperties.com/residency.php
6. https://galaxiaestates.com/new-property-developments-limassol-cyprus/
7. https://academic.oup.com/book/36804/chapter/321956799