Limassol Del Mar Celebrates Strong Sales Success

27/06/2017
Limassol Del Mar, a world-class seafront development in the desirable coastal location of Limassol in Cyprus, is delighted to report excellent sales success since launching last year. The strong sales position, which has seen the luxury apartments in Buildings A and B nearly sold out, is testament to the project’s international appeal and indicates a rising demand for prime real estate in Cyprus.

International buyers and investors alike are being drawn to Cyprus due to recent price growth and the revised citizenship-by-investment programme which was introduced late last year. Limassol in particular has seen a boom in residential development in the last 18 months, as the city establishes itself as the go to destination for today’s 21st Century elite.

Located on Limassol’s coveted coastline, a high end residential area that is currently undergoing substantial transformation, Limassol Del Mar will stretch across an impressive 170 metres of sea frontage, allowing unobstructed sea views from the ground to the top floor apartments. State of the art amenities will feature throughout the gated community, including an impressive commercial offering, Le Plaza Del Mar. The plaza will be home to a signature restaurant and cafeteria along with an exclusive collection of high end boutiques. The luxurious facilities will include a spa, gym, concierge services, residents’ lounge, and an outdoor and indoor swimming pool.

The iconic building was designed by acclaimed architects Benoy, with the subtle wave forms from the sea defining the spacious living areas. Full height glazing glides will open seamlessly, linking the interior space to the exterior terraces in each apartment, with glass balustrades ensuring continuous uninterrupted views of the sea and beyond.

Speaking on the project, Mr Michalis Zavos, Joint Director of Limassol Del Mar, said:

“Our strong sales success is testament to the unique and impressive offering Limassol Del Mar provides. Residents will not only benefit from first class amenities with stunning views and direct access to beautiful sandy beaches, they will also live amongst luxurious interiors with impeccable specification. The island was previously regarded as a playground of the gods, and we have recreated this lifestyle at our illustrious new development.”

Also speaking on the project, Mr Leptos, Joint Director of Limassol Del Mar, said:

“Limassol is currently a very exciting market to be working in due to the high demand for premium property and the city’s changing skyline. Interestingly, our buyers have spanned from across the globe as Cyprus’ recovering property market, attractive investment scheme, great weather and close proximity to key markets is very attractive to overseas and domestic markets alike.”

Cyprus’ recently amended citizenship-by-investment scheme is particularly appealing to global butterflies who spend their time between various destinations, as it not only grants the buyer citizenship to Cyprus but also the right for the whole family to obtain citizenship and therefore travel to 157+ countries. Cyprus also benefits from zero inheritance, wealth, gift and immovable property taxes.

A destination with international appeal, Cyprus can be reached in just over four hours from London, Moscow and Dubai, with direct flights running frequently. Also proving a lucrative investment opportunity, the latest quarterly index from the Royal Institution of Chartered Surveyors (RICS) showed price increases in all cities across Southern Cyprus. The report also indicated that during the fourth quarter of 2016, the Cyprus economy showed further growth.

Apartments in Buildings A and B are nearly sold out at Limassol Del Mar and the last seafront tower is due to launch in the coming months. Two bedroom apartments in the higher floors of the development are currently available from just under €2m. For more information about Limassol Del Mar, please visit www.limassoldelmar.com; contact +357 25 510 888 or email info@limassoldelmar.com.

About Limassol Del Mar

Cypeir Properties Ltd is a joint venture between two of Cyprus’s most renowned developers, and together they are delivering Limassol Del Mar.

The Leptos Group has become synonymous with refinement and excellence in quality design, construction and development services in Cyprus and Greece and operates mainly through various companies, two of which are listed on the Cyprus Stock Exchange. Today the company operates offices in Paphos, Limassol, Nicosia, London, Moscow, Kiev, Beijing, Amman, Athens and Dubai with affiliations throughout the globe.

D.Zavos Group is a family owned business which was established in 1980. The Founder and Chairman of the company is Mr Demetrakis Zavos and his son and successor, Mr Michalis Zavos, are the company’s Managing Director and CEO. Since 1980, the company has completed more than 130 major developments with thousands of satisfied clients from around the world. The headquarters are based in Cyprus with further offices in the UK, Lebanon and Jordan as well as representative offices in Egypt and Russia. D.Zavos Group projects are mostly sea-front and range from exclusive and stylish residential developments to contemporary commercial.

 


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