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Icon Famagusta Property Development In Paralimni

Icon Famagusta Property Development In Paralimni
Icon Famagusta Property Development In Paralimni
Icon Famagusta Property Development In Paralimni

Last Updated on: 21st December 2024, 03:23 am

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The Icon Famagusta Property Development In Paralimni is making waves in the vibrant real estate market of Cyprus. Successfully launched by Levent Construction Ltd., this upscale development encompasses an impressive 155 apartments housed within a striking 15-story building, completed in June 2021. Strategically located at the entrance of Paralimni, it stands out in the Famagusta real estate landscape, thanks to its prime residential offerings that cater to various lifestyles.

With properties ranging from studios to spacious 3+1 apartments, potential buyers will find ample choices to suit their individual needs and preferences. The area is not just about the luxury of living; it is also recognized for its investment potential, supported by a robust infrastructure featuring shops, restaurants, and educational institutions—all just a stone’s throw from the enchanting beach. For more detailed insights on this exciting property development, visit this link to explore bidding opportunities and further information.

Key Takeaways

  • Icon Famagusta features 155 luxury apartments in a 15-story building.
  • Located at the city entrance, it attracts potential buyers looking for prime residential properties.
  • The development offers a variety of apartment types, catering to diverse lifestyles.
  • Paralimni is known for its rich infrastructure, enhancing property investment value.
  • Accessibility to shops, restaurants, and a beautiful beach adds to the appeal of the area.

1

Overview of Icon Famagusta Development Projects

The Icon Famagusta development projects exemplify modern living within the picturesque region of Paralimni, renowned for its luxurious properties and vibrant community. An ideal location sets the foundation for these properties, with essential amenities just a short stroll away, including schools, supermarkets, and hospitals, contributing positively to daily life. The beach is a mere 15-minute drive, while the City Mall shopping center is only 5 minutes away, enhancing the appeal for potential residents.

Location and Benefits

The strategic placement of the Icon Famagusta development is one of its prime advantages. Close proximity to notable landmarks, such as EMU University and the historical Famagusta Old Town, ensures that residents benefit from educational and cultural enrichment. The development’s infrastructure features include:

  • Parking facilities
  • Kids playground
  • Access to hospitals and kindergartens
  • Nearby supermarkets

Such conveniences promote a comfortable lifestyle, ideal for families and individuals alike. With the rising interest in Paralimni luxury properties, the market is well-positioned for growth and investment opportunities.

Architecture and Design Features

Architecturally, the Icon Famagusta development stands out with its innovative design that combines aesthetics with functionality. Residents will appreciate the panoramic windows that allow abundant natural light to flood the interiors, creating a warm and inviting atmosphere. Spacious terraces linked to the apartments are perfect for outdoor relaxation, making it an ideal spot for social gatherings.

The building structure includes 155 apartments designed in an open concept layout, enhancing ventilation and offering breathtaking views of both the city and the sea. Elevators facilitate easy access across the 15 floors of this modern development, ensuring convenience to all residents. Developers, Levent Construction Ltd, have secured a reputation for quality, infusing the Icon Famagusta with exclusive architectural design that positions it as a new symbol in Famagusta.

Icon Famagusta development projects

This spectacular project features various apartment types, including studios and three-bedroom units, tailored to meet diverse preferences and needs, providing an exceptional opportunity in the thriving real estate market of Paralimni. All of these factors contribute to making the Icon Famagusta development projects a must-see in the area, promising not just a place to live, but a lifestyle to embrace23.

Real Estate Market Trends in Paralimni

The Paralimni real estate market continues to thrive, characterized by escalating property values and a notable investment potential. Current property prices include developments like Icon Famagusta homes for sale starting from approximately $2,500 per square meter, promoting significant interest among potential buyers4. As the local economy experiences a resurgence, investing in Paralimni has become increasingly attractive to both local and international buyers.

Current Property Values and Investment Potential

The latest trends indicate that Paralimni’s property market enjoys robust growth, partly driven by the region’s focus on high-quality residential offerings. In 2024, Famagusta observed a healthy property price increase of 4.4 percent, affirming the area’s investment viability5. The growing demand for residential properties and luxury developments in the vicinity further enhances this trend, leading to enticing returns for savvy investors.

The Rise of Luxury Properties

In recent times, luxury properties have gained significant traction within the Paralimni real estate market. Projects like Icon Famagusta are at the forefront of this shift, offering premium features and amenities that appeal to discerning buyers4. The demand for upscale accommodations signals a change in living standards, attracting clientele looking for both quality and lifestyle, marking a promising future for Paralimni property developers.

Paralimni real estate market

Benefits of Investing in Icon Famagusta

Investing in Icon Famagusta presents an array of enticing financial incentives designed to enhance the purchasing experience. The availability of a flexible payment plan allows buyers to start with a mere 25% initial installment, with options to finance the remaining balance over a ten-year period. This accessibility is particularly appealing to those considering Paralimni property investments, as it opens doors to various financial strategies. Current promotional discounts further sweeten the deal, and the ability to transact using cryptocurrency sets a progressive tone in the real estate market, making Icon Famagusta a frontrunner in innovative property solutions6.

Financial Incentives and Payment Plans

Buyers interested in Icon Famagusta residential properties will find that the payment structure aligns well with modern financing opportunities. This not only eases the burden of large upfront payments but also allows for greater flexibility in budget management.

Access to Amenities and Infrastructure

The appeal of Icon Famagusta extends beyond financial benefits, encompassing a wide range of high-quality amenities and infrastructure. The development features dedicated parking spaces, children’s playgrounds, and beautifully landscaped communal areas that enrich the living experience. These offerings contribute to a vibrant community atmosphere suitable for families, professionals, and retirees alike, fostering an environment of comfort and convenience. Prospective investors can take advantage of the inherent benefits provided by this development, which includes easy access to restaurants, shopping venues, and recreational activities in the vicinity, positioning Icon Famagusta as an ideal choice for those looking to optimize their living experience in the region for both leisure and investment opportunities6.

Conclusion

Investing in Icon Famagusta presents an extraordinary opportunity within the vibrant Paralimni real estate market. With its strategic location approximately 50 km from Ercan International Airport and about 65 km from Larnaca Airport, residents enjoy easy accessibility to major transportation hubs7. The luxurious apartment designs and favorable investment terms cater not only to local buyers but also to international investors keen on seizing the potential in Paralimni luxury properties.

The development harmoniously blends modern living with community-oriented infrastructure, ensuring a lifestyle that resonates with both comfort and convenience. Famagusta is known for its compelling mix of historical intrigue and coastal beauty, offering diverse real estate opportunities from historic properties to modern residences and beachfront villas7. As this historic city continues to evolve, the allure of luxury living in Famagusta creates a promising avenue for sustainable investment.

In summary, choosing Icon Famagusta guarantees not only a prime residential property but also an alignment with the growing trends towards quality living in Cyprus. The charm of this destination is enhanced by its rich history and cultural depth, positioning it as a must-visit location for those looking to invest in Famagusta real estate that embodies both luxury and affordability.

FAQ

What types of apartments are available at Icon Famagusta?

Icon Famagusta offers a variety of apartment types including studios, 1+1, 2+1, and 3+1 units, catering to different lifestyles and preferences.

What is the location advantage of Icon Famagusta?

The development is strategically situated at the entrance of Paralimni, with essential services like schools, supermarkets, and hospitals within walking distance, and it is only 15 minutes from the beach and 5 minutes from City Mall.

What are the architectural features of Icon Famagusta?

Icon Famagusta features innovative designs, including panoramic windows for natural light, spacious terraces, open concept layouts for cross-ventilation, and modern conveniences like two elevators.

How is the Paralimni real estate market performing?

The Paralimni real estate market has seen significant growth, with property prices starting from ,500 per square meter, indicating strong investment potential for luxury developments like Icon Famagusta.

What financial incentives are available for buyers?

Buyers can benefit from a flexible payment plan requiring a 25% initial deposit, financing options over 10 years, and current discounts, as well as cryptocurrency transactions as a payment method.

What amenities are included within the Icon Famagusta development?

Icon Famagusta includes dedicated parking spaces, children's playgrounds, and beautifully landscaped communal areas, promoting a vibrant community atmosphere for families and professionals alike.

Why is investing in Icon Famagusta a good idea?

Investing in Icon Famagusta offers a unique opportunity due to its luxurious apartment designs, strategic location, and favorable investment terms, making it an appealing choice in the rising trend towards luxury living in Paralimni.

Source Links

  1. https://www.realestate.com.au/international/cy/famagusta/
  2. https://geoln.com/cyprus/paralimni/4845
  3. https://dom.com.cy/en/live/complexes/complex-famagusta/icon-signature-villas/
  4. https://lionglobal-live-cad780c417224b8fa185357-6743d56.divio-media.com/documents/Lion-Global-Q1-Real-Estate-Report-Web.pdf
  5. https://www.globalcitizensolutions.com/returns-on-real-estate/
  6. https://primeproinvest.com/blog/preimushhestva-regionov-turetskoj-respubliki-severnogo-kipra/
  7. https://www.spotblue.com/guides/north-cyprus/famagusta/

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