For those who like to live closer to the old town and attractions, but at the same time want peace and quiet, one should choose one of the central areas of Larnaca. It is slightly away from the tourist center, but still in the heart of the city.
The Agios Nikolaos area stands out for its convenient access to all major highways leading to Limassol and the capital city of Nicosia.
Among the area of this type, Agios Nikolaos is currently in the lead. Its territory is very developed, with numerous commercial and residential buildings, theaters, state and private schools, a stadium, the new Metropolis shopping center, the Kontos St. George Church, and a general hospital. Additionally, this residential area is located not far from the popular Cineplex entertainment center.
And that's not all. The area is surrounded by numerous parks and green squares. Soon, a new Salina Park project will be launched, which will become an extension of the existing municipal park in the center of Larnaca.
One of the oldest private schools on the island, the American Academy, is located in Agios Nikolaos. It was founded here in 1908 and teaches children according to the British Pre-junior School, Junior School, and Senior School programs. It is also easy for residents of the area to commute to other educational institutions. Considering that there are practically no traffic jams in the roads of Larnaca, families choose schools in different parts of the city.
At the same time, the construction of high-class modern projects continues in the territory of the central Agios Nikolaos area. We will introduce you to several of them in this article. All of them were designed by the best engineers, have a well-thought-out layout, and modern design. In addition, each residence has a private parking space, which is valuable for residents of the central area. These buildings will not be cold in winter, and the heat will not be unbearable in the summer. All of them have an energy efficiency class A certificate.
The Gallery
The Gallery project from the leading developer in Larnaca consists of 12 apartments. It will be located in Agios Nikolaos, within walking distance of all central city infrastructure and just 1800 meters away from the sea. The construction is expected to be completed in 2025.
Currently, a 3-bedroom apartment with two bathrooms and a total area of 112 square meters is priced at 330,000 euros (plus VAT). It should be noted that purchasing a new building for a price of 300,000 euros or more puts the entire family in the permanent residency program. Additionally, if property is being purchased for the first time on the island of Aphrodite, the value-added tax is reduced from 19% to 5%. Furthermore, new projects actively increase in value with each phase of construction, with an average increase of 40% at the completion stage. Real estate market experts recommend investing in liquid off-plan properties.
Units for sale in The Gallery
Downtown Residence
The new project from a well-known local developer in Larnaca will also be completed in 2025. The 5-storey building will have 9 apartments, including 4 with one bedroom, 4 with two bedrooms, and a luxurious penthouse with three bedrooms and a private roof garden. The apartments will vary in size from 90 square meters to 278 square meters.
Like all other numerous projects by the reliable developer, Downtown Residence is designed by a team of excellent architects, engineers, and interior designers. All apartments will have a modern design, high-quality finishes, well-thought-out layout, as well as panoramic windows and spacious balconies, providing stunning views of the city.
In addition, each apartment will come with one parking space and a storage room on the ground floor. The building will have an energy efficiency rating of A.
Currently, it is possible to purchase apartments in the new building at advantageous prices. For example, a 1-bedroom apartment in Downtown Residence with a total area of 90 square meters costs 150,000 euros (plus VAT). And a luxurious penthouse with a total area of 278 square meters is valued at 420,000 euros (plus VAT).
Carisa Estia
Carisa Estia Residences is a world-class investment project from a leading developer located in the center of Larnaca. The project, consisting of 31 luxurious apartments with one, two, and three bedrooms, located in two high-tech style buildings connected by a relaxation area with a pool and loungers, will be ready in about two years, closer to 2025. Currently, 1-2 bedroom apartments are available for sale at prices ranging from 170 to 483 thousand euros.
There is easy and fast access to transport arteries leading to all cities of Cyprus, and the area will soon have a unique urban park, making it highly attractive for investment.
For those who don't like to wait, there is an available, ready-to-move-in, luxurious apartment in the Agios Nikolaos area, in a residence that occupies the entire floor of a complex built in 2010. The three-bedroom apartment has a total area of 210 square meters and is priced at 490 thousand euros. The spacious bedrooms have en-suite bathrooms and wardrobes, and there is also a home office, a spacious living room with a beautiful view of the surroundings, a fully equipped kitchen, a separate utility room, and several vintage-style verandas.
Detailed information about all the projects in Larnaca can be obtained from real estate agency specialists at DOM by phone at +357 24 030062 or in person at Agias Faneromenis 21, Faneromeni 6025, Larnaca, Cyprus.
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