PROSPECTA ST GEORGE RESIDENCES I Property Development By Prospecta Development
Last Updated on: 21st December 2024, 07:01 am
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The Prospecta St George Residences I, developed by Prospecta Development, sets a new standard for luxury living in the thriving St. George real estate market. Nestled in Chloraka, Paphos, Cyprus, this property development is dedicated to providing premium lifestyle options just a stone’s throw from the shimmering sea. As a prospective buyer, you can explore diverse living arrangements that attract those seeking both luxury residences and a vibrant community atmosphere.
With convenient access to public transportation and essential local infrastructure, residents of Prospecta St George Residences can enjoy the perfect blend of convenience and tranquility. This development promises not just homes, but a lifestyle enhanced by various modern amenities and the serene beauty of its surroundings. Watch for this remarkable addition to the neighborhood, as it is sure to attract attention for its distinctive offerings.
Explore more about modern property developmentsand see how they shape community living.
Key Takeaways
- Prospecta St George Residences I offers an unparalleled living experience in Cyprus.
- Located near the coast, it promises easy accessibility to amenities.
- Designed for luxury, the residences cater to a modern lifestyle.
- An attractive investment opportunity in St. George real estate.
- Complements the vibrant local community with innovative residential solutions.
- Focus on developing inclusive amenities for all residents.
Introduction to Prospecta ST George Residences I
The Prospecta ST George Residences is an emerging gem in upscale living, designed for those seeking a unique residential development in the charming district of Chloraka Paphos. With a commitment to quality and sophistication, Prospecta Development has successfully established its reputation as a leader in luxury property development since 1980.
Overview of Prospecta Development
Prospecta Development stands out in Cyprus for its dedication to delivering luxury residential projects. With over four decades in the industry, the company utilizes extensive local market knowledge to craft elegant living spaces tailored to the needs of discerning clients. Their latest undertaking, the Prospecta ST George Residences, encompasses a range of stylish units and reflects their unwavering commitment to quality.
Location and Accessibility
Situated just 400 meters from the picturesque beach, Prospecta ST George Residences offers residents unrivaled access to both natural beauty and urban conveniences. The vibrant city center is only 950 meters away, providing numerous amenities including schools, supermarkets, and dining options. This prime location in Chloraka Paphos ensures that residents enjoy a lively and community-focused lifestyle.
Feature | Details |
---|---|
Property Location | Chloraka Paphos |
Distance to Beach | 400 meters |
Distance to City Center | 950 meters |
Nearby Amenities | Schools, supermarkets, restaurants |
With such a strategic location, Prospecta ST George Residences not only enhances everyday living but also embodies the essence of upscale living in a thriving community23.
Features and Amenities of Prospecta ST George Residences I
The Prospecta St George community exemplifies an outstanding blend of modern design and ultimate comfort, creating luxury living spaces that cater to the discerning buyer. Each residence features spacious three-bedroom layouts and emphasizes the connection with nature through expansive kitchens and living areas designed for gathering and relaxation. Large panoramic windows illuminate the interiors while offering stunning views of the well-maintained surroundings.
Luxury Living Spaces
The properties within the Prospecta St George community are tailored for an affluent lifestyle. Each unit boasts three bedrooms and 2 ½ baths, providing ample space for families. The homes, with a total size of 1798 square feet, are thoughtfully designed to maximize both comfort and utility. Residents can enjoy upscale amenities including an infinity-edge swimming pool, a well-equipped gym, and a clubhouse, ensuring their living experience is truly exceptional4.
Outdoor and Indoor Facilities
The development enhances the living experience with a variety of meticulously curated facilities. Indoor facilities include children-friendly spaces and effective security systems featuring alarms and direct lines to security services. Outdoor facilities boast beautifully landscaped green areas for recreation and relaxation, complementing the luxurious indoor features. The presence of elevators, garbage chutes on every floor, and individual storage facilities adds to the convenience and appeal of these residences4.
Visitors can explore more about this remarkable offering, which includes a monthly Common Area Maintenance Fee of TT$3,200 and a price range that spans from TT$3,245,000 for inner units to TT$6,750,000 for penthouses, by visiting the official page4.
Feature | Details |
---|---|
Unit Type | 3 Bedrooms, 2.5 Baths |
Total Size | 1798 sqft |
Amenities | Infinity-edge Pool, Gym, Clubhouse, Rooftop Terrace |
Security | 24-Hour Security |
Monthly CAM Fee | TT$3,200 |
Price Range | TT$3,245,000 – TT$6,750,000 |
Investment Potential of Prospecta ST George Residences I
The real estate market in St. George presents a dynamic landscape filled with opportunities for investors. The current real estate market trends in St. George indicate a rise in demand for upscale residences, particularly in neighborhoods that balance luxury with community amenities. As the city continues to attract attention from local and foreign buyers, residential development projects like Prospecta ST George Residences I become increasingly significant for realizing investment potential. The increased interest in the area’s properties positions this development as a favorable option in the St. George real estate market.
Real Estate Market Trends in St. George
In St. George, the median home price currently reflects a fluctuating market landscape, allowing potential investors to analyze the opportunities presented by these numbers. Recent data indicates that while property transactions have seen a decline due to rising mortgage rates, the appreciation rate of homes remains respectable, showcasing the market’s resilience5. The growth in population and the influx of remote workers further drive housing demand, presenting a unique investment environment. With the average renovation costs and low unemployment rates illustrating a stable economic foundation, the investment landscape in the area becomes even more compelling. Additionally, the proximity to recreational opportunities enhances the overall appeal of St. George as a destination for potential homeowners and investors alike6.
Tax Benefits for Buyers
Investing in real estate not only involves understanding the market trends but also involves recognizing the tax benefits for buyers. Prospective buyers in St. George can benefit significantly from favorable tax regulations, including reduced property tax rates, which contribute to the overall affordability of living in the area. New developments like Prospecta ST George Residences I often qualify for a reduced VAT rate, which can be as low as 5%, under certain conditions5. This financial advantage is particularly appealing to first-time buyers looking to maximize their investment and enhance affordability. The combination of attractive tax benefits and the city’s growing economy underscores the appealing investment potential in St. George.
Investment Factors | Current Status |
---|---|
Median Home Price | Varies by neighborhood, showing resilience in upscale areas |
Property Appreciation Rate | Increasing, despite overall transaction declines |
Average Renovation Costs | Competitive in relation to market rates |
Population Growth | Steady increase, spurred by remote workers |
Median Population Age | Attracts a mix of young professionals and retirees |
Unemployment Rate | Low, providing employment stability |
Income Rates | Stable median household income levels |
Number of New Jobs Created | Consistent growth, supporting the local economy |
Hard Money Loan Rates | Competitive, facilitating quick investment decisions |
Conclusion
In summary, the Prospecta St George Residences I stands out as a premier option for individuals seeking luxury living in the heart of Cyprus. The development’s prime location, paired with its exceptional features, draws attention from both residents and investors, not only highlighting its contemporary design but also its community-oriented amenities.
Furthermore, the evolving real estate landscape in St. George underscores the investment potential of such properties. Projected growth trends indicate a vibrant future, with factors such as increasing numbers of upper-income retirees and advancements in transportation enhancing the appeal of the area7. As more individuals move to St. George, the demand for high-quality residences will undoubtedly increase, further solidifying the desirability of Prospecta St George Residences.
Ultimately, Prospecta Development exemplifies excellence in property development, ensuring long-term value for its residents and investors. With a commitment to creating luxurious living environments that also contribute to the community, the Prospecta St George Residences I is poised to maintain its status as a leading choice for discerning buyers seeking both comfort and investment security.
FAQ
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Source Links
- https://www.berkeleygroup.co.uk/developments/london/wapping/london-dock
- https://www.coralstonerealty.com/estates-st-george
- https://realtorslimited.com/property/prospect-farm-st-george-barbados/1121/
- https://www.dynamicrealestatett.com/property/the-st-georges-luxury-apartments-for-sale
- https://housecashin.com/investing-guides/flipping-st-george-me/
- https://mysalisburyhome.com/why-salisbury-homes-in-st-george-utah-are-the-ideal-choice-for-first-time-homebuyers/
- https://cms3.revize.com/revize/stgeorge/Documents/Departments/Community Development/General Plan/5-chapter3.pdf