LOCATION 11 Property Development In Geri

Last Updated on: 2nd November 2024, 05:28 am

Welcome to LOCATION 11, an innovative residential complex in Geri, Nicosia, Cyprus, meticulously developed by A&A Apostolides Contractors & Developers. This exciting project features eleven modern 3-bedroom houses, each thoughtfully designed to provide both functionality and comfort, catering primarily to couples and families interested in the thriving Geri real estate development market. Built to high energy efficiency standards, rated at A, LOCATION 11 emphasizes sustainability while aligning with current living trends in the region.

The LOCATION 11 Property Development In Geri not only addresses the growing demand for quality housing but also ensures that residents benefit from a vibrant community atmosphere. Offering a competitive pricing structure, it invites potential homeowners to explore opportunities that truly reflect modern living.

Discover more about LOCATION11 and its offerings.

With a starting price of $227,840 and a price per square meter beginning at $1780, investing in these properties makes financial sense for discerning buyers. The project’s completion was finalized in July 2021, demonstrating timely execution in a rapidly evolving market¹²³.

Key Takeaways

• LOCATION 11 is a modern residential complex designed for families in Geri, Cyprus.
• The development includes eleven stylish 3-bedroom houses with high energy efficiency ratings.
• Locations within a 300m distance from key amenities enhance property value and lifestyle.
• The price per square meter for properties starts at $1780, appealing to potential investors.
• With a construction completion date in July 2021, it represents a recent addition to the Geri housing market.
• Enjoying proximity to schools, supermarkets, and hospitals elevates its desirability for residents.

Overview of LOCATION 11 Property Development

LOCATION 11 Geri represents a significant opportunity in the thriving Geri property development scene. The suburb, part of Nicosia, Cyprus, perfectly combines suburban tranquility with urban conveniences, making it a desirable place for families and professionals alike. The real estate market has seen a marked increase in the demand for modern residences, thus creating an appealing environment for Geri property investment.

Introduction to Geri and Its Real Estate Market

Geri has established itself as a prime location for those seeking a balance between city life and peaceful living. The increasing interest in Geri property development can be attributed to its strong community feel, coupled with excellent facilities and access to the capital’s amenities. This burgeoning market continues to attract investors looking to capitalize on its growth potential.

Details of the Development Project

LOCATION 11 features a thoughtfully designed project consisting of eleven 3-bedroom houses. Each unit ranges between 128 and 140 square meters, providing ample space for families. Additionally, these homes come with private parking facilities and structured courtyards, enhancing their appeal and practicality for modern lifestyles.

Features of LOCATION 11

This development distinguishes itself through its commitment to energy efficiency and contemporary design. The energy-efficient homes aim to minimize utility expenses for residents, making them not only a sound choice for living but also a strong option for Geri property investment. The aesthetic quality of LOCATION 11 Geri complements its functional aspects, ensuring that residents enjoy a stylish, comfortable, and sustainable lifestyle.

Location and Accessibility of LOCATION 11

LOCATION 11 is located in Geri, a prime area that ensures residents enjoy quick access to a variety of local amenities. With essential facilities such as schools, kindergartens, supermarkets, and hospitals in proximity, families will find this development fosters a community-oriented lifestyle.

Proximity to Local Amenities

The strategic placement of LOCATION 11 means that daily necessities are just a stone’s throw away. Whether it’s grocery shopping or accessing educational services, residents can manage their day-to-day activities without unnecessary travel. This convenience is an essential aspect of Geri real estate development, making it an ideal choice for families seeking a vibrant community.

Transportation Options Nearby

Geri offers excellent transportation options in Geri, enabling smooth connectivity to the vibrant city center of Nicosia and surrounding areas. With efficient public transport systems and well-maintained roads, getting around is hassle-free. Residents will appreciate the ease of navigating their surroundings, further enhancing the appeal of LOCATION 11 development projects.

By integrating robust location services into daily life, Geri stands out as a modern community where convenience reigns supreme. Learn about managing location services to become more familiar with the settings that can enhance your overall living experience⁴.

Investment Potential in Geri Real Estate Development

The Geri property market has shown promise, attracting various investors interested in sustainable returns. With a strong emphasis on real estate sales, GERI reported consolidated revenues of P5.0 billion in 2021, alongside a 15% year-on-year increase in total net income to P1.5 billion⁵. This growth is particularly appealing for those considering Geri property investment as it showcases the resilience and upward trajectory of the market.

Understanding the Geri Property Market

As a significant player among Geri property developers, GERI continues to drive demand for new residential projects, with real estate sales reaching P3.7 billion, marking a 3% increase from the previous year⁵. This demand is reflected in the robust reservation sales, which climbed by 25% year-on-year to P17.2 billion⁵. Such trends suggest that the market remains attractive to buyers and investors looking for quality developments.

Advantages of Investing in LOCATION 11

LOCATION 11 stands out among GERI’s offerings, particularly in the realm of Geri property investment. The project boasts modern construction in a prime location that caters to family-oriented buyers, potentially elevating property values over time. Notably, GERI’s strong portfolio includes notable projects like Boracay Newcoast, which led sales with an impressive P4.1 billion in 2021⁵. Given the upward trend in the Geri property market, investing in LOCATION 11 provides not only a home but also an opportunity to benefit from the flourishing real estate landscape.

Conclusion

LOCATION 11 in Geri stands as a remarkable option for modern living within a rapidly evolving suburb of Nicosia. With a meticulous design approach and strategic positioning, the development meets the rising demands of both future residents and savvy investors who are keen on Geri real estate development.

As Geri’s popularity surges in the real estate market, the implications for investment potential become increasingly evident. The careful planning behind LOCATION 11 not only benefits its occupants but also serves as a signal of the area’s growth trajectory, making it a prime candidate for those looking to invest in Cyprus.

Ultimately, the combination of LOCATION 11’s thoughtful features and the area’s ongoing urban transformation highlights its significance in contributing to the broader landscape of property investment. Consequently, investors and residents alike should focus on Geri, as it forms a vital part of the evolving narrative in Cyprus real estate, further supported by the insights available through reputable research sources—such as this study that outlines the ongoing challenges and opportunities in public agencies adapting to new technological advancements⁶.

Source Links

1. https://gogordian.com/detail-residential-for-sale-latsia+-+geri+municipality,+geri-nicosia/5118/5118/
2. https://realty.com.cy/p/eleven-shared-residential-fields-in-geri-nicosia-go5118
3. https://geoln.com/cyprus/geri/12037
4. https://support.google.com/android/answer/3467281?hl=en
5. https://geri.com.ph/2022/04/11/geri-reports-p5-0-billion-in-revenues-for-fy2021/
6. https://open.lib.umn.edu/publicspeaking/chapter/11-1-why-conclusions-matter/