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NEO Limassol Property Development In Neapolis, Limassol

NEO Limassol Property Development In Neapolis, Limassol
NEO Limassol Property Development In Neapolis, Limassol
NEO Limassol Property Development In Neapolis, Limassol

Last Updated on: 21st December 2024, 02:41 am

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Situated in the vibrant suburb of Neapolis, the NEO Limassol property development offers an exceptional opportunity for those interested in luxurious living in Cyprus. This premier development features luxury apartments within a meticulously designed high-rise complex, comprising four towers that are set to complete by December 2023. Just 50 meters from the beach, NEO Limassol caters to discerning buyers looking for a blend of modern comfort and scenic views, making it a notable choice for property investment Cyprus. The project is not just setting a new standard for luxury properties Limassol, but also assures buyers of significant value with apartments starting from €800,000+VAT, equipped with various amenities such as air conditioning, central heating, and communal facilities like a gym and swimming pool. For more detailed insights and updates, you can visit here1.

Key Takeaways

  • NEO Limassol features luxury apartments strategically located near the beach.
  • The development comprises four towers with completion expected by December 2023.
  • Amenities include air conditioning, communal gym, swimming pool, and more.
  • Pricing for apartments starts at €800,000+VAT, providing a robust investment opportunity.
  • The project is designed to meet high energy efficiency standards, classified as Energy Class A.

Understanding NEO Limassol: A Premier Development

NEO Limassol Property Development in Neapolis, Limassol, stands out as a remarkable testament to luxury and innovation within the vibrant Limassol real estate market. Encompassing 39 stunning floors, this development features residences ranging from 144 to 407 square meters, catering to diverse preferences and lifestyles.

Overview of NEO Limassol

The architectural design of NEO Limassol is the work of the acclaimed Woods Bagot, a name synonymous with elegance and modernity. With apartments boasting 2 to 4 bedrooms and breathtaking views of Akrotiri Bay and the mountains, residents enjoy a living experience that harmonizes natural beauty with sophisticated design. The incorporation of natural materials like white oak wood and marble enhances the ambiance, making it truly a luxury lifestyle choice. Nestled close to essential amenities such as restaurants and shops, NEO Limassol emerges as a focal point in a prestigious neighborhood, attracting those seeking properties for sale in Neapolis Limassol.

Key Features of the Development

NEO Limassol is not just about beautiful residences; it offers a host of amenities that elevate the living experience to unprecedented levels in new developments Limassol. Residents can indulge in exclusive facilities including:

  • A premium spa for relaxation and rejuvenation.
  • A state-of-the-art fitness center to cater to health enthusiasts.
  • An inviting swimming pool that serves as a central leisure spot.
  • Tennis courts for sports aficionados seeking active pursuits.
  • A chic club restaurant located on the second floor, perfect for social gatherings.

In addition, concierge services comparable to those found in six-star hotels, along with 24-hour security, provide a sense of peace and comfort to all residents. The underground parking facility and accessibility to nearby parks and cultural attractions like a zoological garden and art gallery further enhance the appeal, making it a dream location for anyone interested in a luxury lifestyle.

NEO Limassol Property Development in Neapolis, Limassol

For more insights on economic developments impacting regions like Limassol, consider exploring the comprehensive report from the 6th Limassol Economic Forum2.

Real Estate Market Trends in Neapolis, Limassol

The real estate landscape in Neapolis, Limassol, showcases a dynamic environment fueled by luxury developments. Understanding the current property prices Limassol is vital for potential buyers and investors. The luxurious appeal of properties like NEO Limassol elevates the market significantly. The average sale price for one-bedroom apartments stands around €753,333, while two-bedroom apartments average at about €1,240,000. Villas in this vibrant area can fetch prices up to €1,500,000. The gold standard of living is clearly reflected in these figures, with the price per square meter in the city center reaching approximately €4,525. This signifies the high demand for upscale real estate in prime coastal locations3.

Current Property Prices

Real estate prices in Neapolis Limassol showcase competitive trends, largely driven by a surge in local and foreign investments. Notably, the local market demonstrated growth with a 34% rise in local buyer transactions in July 2024 compared to the previous year. Limassol led with 343 sales, marking a significant 39% increase from July 20233. As foreign investor interest grows, correlating statistics reveal that 657 units were purchased by international buyers in July 2024, a 7% rise year-on-year3. The real estate market is also bolstered by favorable outcomes for EU nationals, which saw a 13% increase in transactions from the same period. This vibrant atmosphere underscores the efforts of Limassol property developers addressing rising demands with exciting new projects.

Rental Market Insights

The rental market reflects a buoyant atmosphere, particularly within Neapolis. The average rent for a one-bedroom apartment in the city center is around €1,441.07 per month. For those located outside the center, the average monthly rent drops to approximately €1,124. Larger residential options, such as three-bedroom apartments, command rents nearing €2,523.33 in pivotal central areas. With the continued influx of tourists and expatriates, the rental market is expected to remain robust. This environment is a testament to the increasing lure of living in Limassol, reinforcing the development efforts of local property developers4.Understanding the current property prices Limassol further highlights this thriving sector.

current property prices Limassol

Conclusion

NEO Limassol stands out as a premier development for those interested in the luxury lifestyle Neapolis offers. With four high-rise towers, the project encompasses 353 residential apartments across a sprawling 135,000 square meters, presenting a unique opportunity in the evolving Limassol real estate market5. The thoughtful integration of amenities such as five private pools, tennis courts, and a spa enhances the living experience, perfectly aligning with modern expectations of luxury living6.

As Cyprus continues to attract property investments, developments like NEO Limassol are set to redefine high-end living. The project’s completion in 2022 further signals a shift towards creating quality environments where residents can indulge in both comfort and style, making it a desirable location for buyers and renters alike5.

Moreover, as the market adapts to recent challenges, including the cancellation of the golden passport scheme, there are still promising prospects for luxury residential projects along the Limassol coastline that enrich the attractiveness of this. Consequently, NEO Limassol embodies a vibrant community that balances opulence with accessibility, making it an appealing choice for investors seeking to immerse themselves in the stunning landscape and lifestyle that Neapolis offers7.

FAQ

What is NEO Limassol?

NEO Limassol is a luxury property development located in Neapolis, Limassol, Cyprus, featuring a high-rise complex with four towers and offering modern apartments just 50 meters from the beach.

When will NEO Limassol be completed?

The development is due for completion in December 2023, providing potential homeowners the opportunity to secure residences in a premier location.

What types of apartments are available in NEO Limassol?

NEO Limassol offers a variety of apartments with 2 to 4 bedrooms, ranging in size from 144 to 407 square meters, ideal for those seeking flexible living spaces in Limassol.

What amenities does NEO Limassol provide?

The development features a premium spa, fitness center, swimming pool, tennis courts, and a club restaurant, along with 24-hour security and personalized concierge services for a luxurious lifestyle.

How do property prices in Neapolis compare to other areas in Limassol?

Property prices in Neapolis reflect the luxurious developments, with one-bedroom apartments averaging around €753,333 and two-bedroom apartments around €1,240,000, showcasing the high demand in the area.

What is the rental market like in Neapolis?

The rental market is thriving, with one-bedroom apartments renting for an average of €1,441.07 in the city center, indicating a strong demand for high-quality living spaces in this prestigious area.

Why is NEO Limassol a good investment opportunity?

NEO Limassol is a prime investment opportunity due to its luxury offerings, strategic coastal location, and the increasing demand for high-end properties in the Limassol real estate market.

Who is behind the design of NEO Limassol?

The development is designed by the world-renowned architectural firm Woods Bagot, ensuring a stunning and contemporary aesthetic that appeals to discerning buyers.

What makes the location of NEO Limassol special?

NEO Limassol's location in Neapolis places it just steps from the beach, with access to essential amenities, parks, and cultural attractions, enhancing its desirability as a luxury living destination.

Source Links

  1. https://www.westcoastcyprus.com/properties/apartment-for-sale-in-neapolis-limassol-ref-sl22418
  2. https://www.neocleous.com/documents/lef-2015-report-002-pdf/download
  3. https://www.lamaisonestates.com/rise-in-property-purchases-among-cypriots-in-july-2024/
  4. https://elegantcyprusproperties.com/cyprus-real-estate-market-thrives-foreign-buyers-take-the-lead/
  5. https://www.financialmirror.com/2019/08/04/cyprus-limassol-residents-rage-against-the-towers/
  6. https://www.woodsbagot.com/projects/neo-limassol/
  7. https://www.limassolchamber.eu/En/articles/1228/2020/12/04/Towers-in-Limassol—the-next-day

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