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East Residence Property Development In Limassol

East Residence Property Development In Limassol
East Residence Property Development In Limassol
East Residence Property Development In Limassol

Last Updated on: 21st December 2024, 03:59 am

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Discover the allure of the East Residence, a stunning property development nestled in the vibrant Potamos Germasogeias area of Limassol, just 700 meters away from the sparkling sea. Developed by Xenofontos Developers, a reputable name in the real estate Limassol market, this exceptional project was completed in September 2019 and features a modern architectural design that emphasizes functionality and elegance. The East Residence Property Development In Limassol encompasses five luxurious apartments, ranging from two to three bedrooms, along with an exquisite penthouse boasting a private swimming pool, perfect for those seeking luxury homes Limassol for their comfort and style.

Each apartment within this sophisticated building offers high-quality construction materials, extensive infrastructure—including parking and a children’s playground—alongside proximity to essential amenities like schools, kindergartens, and hospitals. The average price per square meter is $3,270, with apartments starting from $483,960, aligning perfectly with your aspirations for a dream home in Cyprus1. With over 25 years of experience, the developer ensures that each residence is delivered in a turnkey condition, making the East Residence a prime choice for those looking to invest in real estate in Limassol.

To learn more about the potential of this project and others like it, check out this detailed guide on eastern Limassol developments.

Key Takeaways

  • The East Residence features five luxury apartments and a penthouse.
  • Located 700 meters from the sea in Limassol’s Potamos Germasogeias area.
  • Average price per square meter is $3,270, with starting prices around $483,960.
  • Developed by Xenofontos Developers, known for quality and experience.
  • Includes essential services and amenities suitable for family living.

Overview of East Residence Development

The East Residence Property Development In Limassol stands out as a prime example of modern living harmonized with luxury. This dazzling development is set in Potamos Germasogeias, a highly sought-after district known for its vibrant lifestyle and stunning coastlines. Residents enjoy unparalleled access to a plethora of amenities, just a short 10-minute walk from the beach, which enhances the appeal of these luxury homes Limassol.

Location and Accessibility

Situated in a lively neighborhood, East Residence offers not only picturesque views but also convenient access to public transport and essential services. The proximity to local shops, dining options, and recreational facilities positions it as one of the most desirable Limassol development projects. This strategic location ensures that residents can easily immerse themselves in both the bustling life of the city and the serene allure of coastal living.

Architectural Features

The architectural design of the East Residence focuses heavily on contemporary aesthetics, incorporating high-quality materials throughout. The building consists of three exquisite structures that accommodate a total of 212 units, varying in size from 20 to 32 square meters. Notable traits include impressive high ceilings adorned with hidden lighting, and refined finishes that echo the luxury lifestyle expected in Limassol. The meticulous attention to detail within this development further solidifies its status in the competitive market of luxury homes Limassol2..

luxury homes Limassol

Luxury Amenities at East Residence

East Residence sets a standard for luxury homes Limassol, providing residents with a variety of upscale amenities designed to enhance their living experience. Each apartment incorporates state-of-the-art features, ensuring comfort and sophistication. Among these are underfloor heating, high ceilings, and advanced air-conditioning systems. The kitchens boast synthetic granite countertops, quality sanitary installations, and electric shutters, delivering both functionality and elegance. Additionally, residents can enjoy their own storage space, making everyday living seamless.

Apartment Features

The apartments at East Residence offer a range of sizes to cater to various preferences and lifestyles. Studio apartments range from a cozy 477 to 484 square feet, whereas the one-bedroom suites provide more generous living spaces, with Suite 01 at 616 square feet and Suite 05 extending to 735 square feet, optimizing comfort for residents. For families or those desiring more space, the two-bedroom apartments span an impressive 1,220 square feet. Pricing for these East Residence property prices starts at HK$29,000 for studio apartments, while one-bedroom suite pricing fluctuates from HK$40,000 to HK$60,000, depending on the unit’s size and features34.

Penthouse with Rooftop Pool

The crowning jewel of East Residence is the penthouse, offering expansive living space along with a private rooftop swimming pool. This exceptional feature allows residents to unwind while soaking in breathtaking views of Limassol. The rooftop pool elevates the luxury experience further, creating a perfect retreat right at home. The lavish facilities and amenities highlight the distinguished efforts of Limassol real estate developers to curate a stunning living environment that resonates with modern elegance.

Investment Opportunities in Limassol Property Market

Limassol is shaping up to be a lucrative hub for property investment Cyprus, attracting investors with its enticing features. The demand for luxury residential and commercial properties is soaring, positioned at the forefront of the real estate landscape. A thorough pricing and market analysis reveals not only the competitive pricing structures but also the dynamic nature of the market.

Pricing and Market Analysis

Average property prices in Limassol range from €4,000 to €5,500 per square meter, establishing the region as one of the priciest in Cyprus5. The surge in demand for residential and commercial properties has particularly heightened interest in waterfront and central city locales, contributing to the rise in prices5. Notably, in 2017, Limassol experienced a sharp increase in apartment prices that resonated across other regions in Cyprus, highlighting the city’s significant impact on the national housing market5.

Year Price per Square Meter (€) Demand Trend
2017 4,000 – 5,500 Sharp Increase
2023 4,500 – 6,000 Continued Surge
2024 (Predicted) 5,000 – 6,500 Sustained Growth

Property Investment Potential in Cyprus

Cyprus’s property landscape boasts a robust return on investment, with a stability rate that stands out among European countries, averaging a 2%-4% increase per annum6. Tourist arrivals surged to over 3 million between January and September 2023, enhancing the potential for rental yields, particularly in the luxury market6. The Residential Property Price Index (RPPI) shows Limassol leading the charge with an increase of 1.4% in the second quarter of 20236.

Limassol property market

The fact that high-net-worth individuals are increasingly drawn to Limassol’s luxury properties underscores its appeal as a prime location for substantial investments5.

Conclusion

The East Residence Property Development In Limassol represents an exceptional opportunity for luxury living and investment in one of Cyprus’s most thriving areas. With modern architectural features and various luxury amenities tailored for discerning homeowners, this development meets the desires of those seeking high-quality living spaces. Thanks to its strategic location and accessibility, it stands out among other Limassol development projects, making it a prime choice for potential investors.

Moreover, the increasing demand for luxury homes Limassol ensures the property’s sustained value in a rapidly evolving real estate market. As a testament to the region’s vibrancy, East Residence not only offers stunning residences but also positions investors for future success in Cyprus’s promising property landscape. Ultimately, this development merges comfort, style, and functionality, appealing to both homeowners and savvy real estate investors looking for rewarding opportunities.

Aligning with the promising trends of the property market, investing in East Residence is about securing a piece of Cyprus’s rich tapestry, characterized by its luxurious lifestyle and significant long-term rewards. As Limassol continues to grow and attract global interest, properties like East Residence will play a vital role in shaping the future for both residents and investors alike. For those looking to capitalize on the current momentum, East Residence is a remarkable option that should not be overlooked789.

FAQ

What is the East Residence property development in Limassol?

The East Residence is a high-end property development located in the vibrant Potamos Germasogeias area of Limassol, offering luxury living just 700 meters from the sea, developed by Xenofontos Developers.

What types of apartments are available at East Residence?

East Residence features five opulent apartments with options for two to three bedrooms, alongside an exquisite top-floor penthouse that includes a private swimming pool.

What amenities do the apartments at East Residence include?

Each apartment features state-of-the-art facilities such as underfloor heating, air-conditioning, quality sanitary installations, electric shutters, and synthetic granite countertops in kitchens. They also offer high ceilings and storage space.

How far is East Residence from the beach?

East Residence is located just 700 meters from the beach, allowing residents to enjoy a leisurely 10-minute walk to the coast.

What are the property prices at East Residence?

Pricing at East Residence starts from approximately 70 per square meter, with total apartment prices beginning around €483,960, reflecting the completion status of the project and its prime location.

Why is East Residence considered a good investment?

Given the strategic location, luxury amenities, and the current thriving state of the Limassol property market, East Residence offers promising rental yields and potential for property value appreciation as the area develops.

Who are the developers behind East Residence?

East Residence is developed by Xenofontos Developers, a company known for its extensive experience in the real estate industry and commitment to quality construction.

What are some nearby amenities and features of the Potamos Germasogeias area?

The Potamos Germasogeias area is known for its vibrant lifestyle, offering a variety of amenities including restaurants, shops, and entertainment options, all within close proximity to East Residence.

Source Links

  1. https://geoln.com/cyprus/limassol/12039
  2. https://www.eastresidencesortigascondos.com/
  3. https://www.residencehk.com/en/quarry-bay/east-residences
  4. https://east-residences.hongkonghotelsandrates.com/en/
  5. https://theluxuryplaybook.com/limassol-real-estate-market-overview-2024/
  6. https://theluxuryplaybook.com/exploring-the-real-estate-potential-in-limassol-is-buying-property-in-cyprus-worth-the-investment/
  7. https://brill.com/previewpdf/book/9789004182738/Bej.9789004182721.i-393_017.xml
  8. https://sustainableclimatesolutions.org/sustainable-housing-conclusions-and-a-look-to-the-future/
  9. https://renee.tougas.net/blog/finding-home-conclusion/

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