3 bedrooms Penthouse in Limassol, Cyprus No. 52672

Property description

Reference ID: #SA34908Price details: €578,000 +VATBuilding 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 Investment Highlights:* High Demand: Central location ensures high demand for both long-term and short-term rentals.