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Residence 23 Property Development In Germasogeia

Residence 23 Property Development In Germasogeia
Residence 23 Property Development In Germasogeia
Residence 23 Property Development In Germasogeia

Last Updated on: 20th December 2024, 01:57 pm

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The Residence 23 Property Development In Germasogeia stands as a modern beacon of luxury living in the vibrant area of Limassol, Cyprus. This exclusive residential complex is thoughtfully designed to cater to families and individuals alike, offering a delightful blend of style and comfort. Comprising just seven apartments, including six two-bedroom units and a spacious three-bedroom penthouse, this development is a true reflection of elegance in real estate. Completed in November 2019, Residence 23 showcases a commitment to high-quality construction and a contemporary architectural design that sets it apart in the competitive luxury residences Germasogeia market. Nestled only 150 meters from the renowned Dasoudi Beach, celebrated for its pristine sands and extensive leisure amenities, this complex offers residents not just a home, but a lifestyle of ease and sophistication. Prospective buyers can learn more about this attractive option in Residence 23 real estate Cyprus, featuring modern amenities like controlled entry, communal swimming pools, and spacious verandas with energy-efficient systems that reinforce its high energy rating of “A”1.

Key Takeaways

  • Residence 23 offers a unique blend of style and comfort in a prime location.
  • The development features seven luxurious apartments with modern amenities.
  • Located just steps away from Dasoudi Beach, ideal for beach lovers.
  • Completed in November 2019, the project is ready for occupancy.
  • High energy efficiency rating contributes to lower living costs.

Overview of Residence 23 Property Development

Residence 23 represents a premier offering in Germasogeia property development, designed for modern living and vibrant community interaction. This property emphasizes quality, comfort, and convenience for its residents, making it an ideal choice for families and individuals alike.

Project Features and Amenities

Residence 23 boasts an array of features that prioritize resident comfort. Equipped with private covered parking spaces and secure entry systems, safety and convenience are paramount. Amenities near Residence 23, including a children’s playground, schools, supermarkets, and hospitals, enhance the living experience, promoting family-friendly surroundings. The use of high-standard materials in construction ensures durability and longevity for these exceptional living spaces.

Architectural Design

The architectural design of Residence 23 showcases a contemporary low-rise style that harmonizes modern aesthetics with functionality. The building adheres to earthquake-resistant standards, featuring a robust monolithic framework, ensuring safety without compromising on style. Each unit is equipped with European standard sanitary ware and kitchen fixtures that elevate the overall living experience.

Location Advantages in Germasogeia

Germasogeia is regarded as one of the most desirable areas in Limassol, offering a vibrant community and stunning views. The nearby beach and Dasoudi Park enrich the lifestyle options, providing spaces for outdoor activities and relaxation. With so many amenities nearby, including leisure spots and essential services, Residence 23 stands out as a prime choice for those seeking a luxurious lifestyle in an equipped and thriving area.

Germasogeia property development

Luxury Living at Residence 23

Experience unparalleled luxury living in Germasogeia at Residence 23, where attention to detail and elegance converge. The project showcases high-quality materials in Residence 23, ensuring a superior living experience for its residents. Rigorous construction standards contribute not only to aesthetic appeal but also to durability and safety.

High-Quality Construction Materials

Residence 23 prioritizes sustainability and energy efficiency by utilizing top-level construction materials. The reinforced concrete frames provide robust support, facilitating long-lasting living spaces. Key features like thermal insulation and photovoltaic panels significantly enhance energy efficiency. Residents will enjoy modern amenities, including underfloor heating and central air conditioning, making luxury living in Germasogeia a daily reality.

Apartment Layouts and Sizes

Offering a variety of spacious apartment layouts, Residence 23 caters to diverse living preferences. The two-bedroom apartments span an impressive approximately 135 square meters, while the penthouse units provide ample living space for families seeking more room. Each layout maximizes natural light and living areas, ensuring an elegant and comfortable lifestyle.

Explore the latest Residence 23 construction updates, and discover how its features encapsulate modern luxury at its finest. With meticulous design and high-quality materials in Residence 23, this development stands as a beacon of sophistication in Germasogeia23.

Investment Opportunities in Germasogeia

The Germasogeia property market is experiencing dynamic growth, making it an attractive destination for real estate investments. Recent trends indicate that this region is not only desirable for local residents but also for international buyers seeking luxury living. The ongoing demand for high-end properties sets the stage for significant investment opportunities in Germasogeia.

Germasogeia Property Market Trends

According to the Residential Property Price Index 2022 Q2 released by the Central Bank of Cyprus, there was a quarterly increase of 1.7% for apartments and houses, compared to 1.1% in Q14. The market is robust, with the Ask WiRE Index reporting a 6.6% increase in rental values for apartments and a 5.0% increase for houses in Q2 20224. Such growth attracts both local and foreign investors, with opportunities ranging from luxury homes to multi-family residences.

Benefits of Investing in Residence 23

The Residence 23 property investment offers enticing benefits for prospective buyers. Positioned close to stunning beaches and local amenities, it caters to both lifestyle and investment aspirations. With high-quality construction led by the reputable Galaxia Developers, buyers can expect durability and excellence in design. Furthermore, foreign investors can qualify for residency by purchasing a unit for a minimum of €300,000, adding to the allure of investing in this project4.

Additionally, the Ministry of Finance in Cyprus provides an opportunity for investors to enjoy a reduced VAT rate from 19% to 5% on new property purchases intended as a primary residence4. The potential for high rental yields and capital appreciation further underscores why investing in Residence 23 is not just a residential choice but a strategic financial decision.

Germasogeia property market investment opportunities

Market Trend Value (%) Period
Quarterly increase for apartments and houses 1.7% Q2 2022
Quarterly increase for apartments rental 6.6% Q2 2022
Quarterly increase for houses rental 5.0% Q2 2022
Reduction in VAT for new primary residency From 19% to 5% Current

Conclusion

Residence 23 emerges as a premier option in the Germasogeia area for those seeking luxury residences in Germasogeia. This development seamlessly blends high-quality construction materials with elegant architectural design, ensuring that every detail is crafted for modern living. Those considering investment in Residence 23 will find a compelling opportunity, as its strategic location coupled with diverse amenities can elevate both lifestyle and investment potential.

Moreover, with its well-planned living spaces, Residence 23 caters to a variety of needs, presenting an inviting atmosphere that complements the vibrant culture of Germasogeia. The surrounding area’s stunning beaches and recreational opportunities further enhance the property’s desirability for both homebuyers and investors alike.

In summary, the investment in Residence 23 is not just about acquiring a property; it’s about embracing a lifestyle that values quality and the benefits of a thriving community. For more insights on property investments and selling homes, you can refer to detailed guidelines and worksheets provided by the IRS through their official publication5. This comprehensive approach ensures that the investment decision aligns with financial goals while celebrating the essence of luxury living.

FAQ

What types of apartments are available at Residence 23?

Residence 23 features six two-bedroom units and one spacious three-bedroom penthouse, offering a variety of living spaces suitable for both families and individuals.

When was Residence 23 completed?

The construction of Residence 23 was completed in November 2019, making it ready for occupancy since then.

What amenities are included for residents at Residence 23?

Residents of Residence 23 enjoy amenities such as private covered parking spaces, storage rooms, a children's playground, and a secure entry system, alongside proximity to essential services like supermarkets and hospitals.

How far is Residence 23 from Dasoudi Beach?

Residence 23 is strategically located just 150 meters from Dasoudi Beach, famous for its pristine sand and family-friendly amenities.

What kind of construction materials are used in Residence 23?

Residence 23 uses high-quality construction materials, prioritizing sustainability and energy efficiency, including thermal insulation and photovoltaic panels for enhanced living comfort.

What are the current trends in the Germasogeia property market?

The Germasogeia property market is experiencing consistent growth, driven by demand for luxury residences and an appealing coastal lifestyle, attracting both local and international investors.

What makes Residence 23 a good investment opportunity?

Investing in Residence 23 offers numerous advantages such as high-quality construction, proximity to amenities, and the potential for high rental yields and capital appreciation, making it a wise property investment choice.

Who developed Residence 23?

Residence 23 was developed by Galaxia Developers, a reputable company known for their commitment to excellence since 1977.

Source Links

  1. https://geoln.com/ar/cyprus/germasogeia/12019
  2. https://www.ritzcarlton.com/en/residences/
  3. https://rentformamiami.com/amenities
  4. https://galaxiaestates.com/invest-cyprus-real-estate/
  5. https://www.consumerfinance.gov/rules-policy/regulations/1026/23

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