€283,000 $316,125
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Pay in USD and save up to $11,064Key features
- Listing ID: 1479755 (181495)
- Bedrooms: 2
- Bathrooms: 1
- Total covered area: 83 sqm
- Newly built
Description
The Residences is situated in Limassol's city center, just a 15-minute walk from the beach. The development includes one, two, and three-bedroom units, as well as stylish penthouses. This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.
Market Insights:
Open Market Rentals:
•1-Bedrooms: €2,000 - €2,200 per month.
•2-Bedrooms: €2,700 - €2,900 per month.
•Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth.
•Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.
Location Benefits:
•Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links.
•Accessibility: Easy access to the motorway via Omirou Commercial Street.
Investment Highlights:
•High Demand: Central location ensures high demand for both long-term and short-term rentals.
•Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.
The Residences presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.
Buying expenses
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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