Newly Established Concept by Olympic Residence

Introducing new standards of luxury beyond anything previously experienced in Cyprus, Olympic Residence is going to be a unique and elegantly designed Residential Club on a Prime Beach Front Location in Limassol, consisting of two soaring towers of impressive architectural design and construction based on the most stringent European standards and advanced engineering, with breathtaking views to the whole of Limassol coast.

Olympic Residence will be highly developed offering everything you can imagine to make life a luxurious experience.

Five star hotel facilities including swimming pools and Hydro massage, a tennis court, a country club, a spectacular spa including a classic Roman bath, a contemporary designed gym, a beauty salon, around the clock front desk officer, concierge, breakfast, room service and advanced property management handling all matters of maintenance, security and services and a range of other exclusive facilities and offerings that make an ideal combination of comfort efficiency and design.

The unique Five Star Hotel Type Accommodation concept will be offered as from the 1st of June 2012 at Olympic Residence, Cyprus most Exclusive Residential Project.

ReLux Estates

Cyprus Property Statistics

 

The study shows that the profitability of apartments on the island amounted to 3,7%. The most profit in the residential real estate market was produced by renting out apartments in Nicosia.

The highest average profit of apartments and villas is noted in Limassol.The annual yield of these types of real estate in the city amounted to 3,9% and 2,9%. Residences at an average price of 166.2 thousand euro were rented out for 543 euro a month.

Villas at an average price of 446.9 thousand euro, were offered for rent at the price of 1.09 thousand euro per month.

Experts note that in the last couple of years, the island has had a tendency for the buyers to purchase property for future residence, and not to rent it out or resale.

ReLux Estates

Foreign Investment in Cyprus Continues to Grow

Official statistics published by Cypriot authorities show that in the first month of 2011, foreigners have made about 170 real estate deals, considered to be almost 80% more than in January 2009. The total number of transactions in the property market in March amounted to six hundred twenty-five units.

Cyprus has always been a popular destination for foreign investors, the majority of whom are British citizens, whose number decreased markedly during the global economic crisis.

Meanwhile, the number of Russian buyers among the foreigners who purchase property in Cyprus continues to grow.

Particularly popular among Russians buyers are luxury properties, as there has been a noticeable demand for villas, studios and maisonettes.

 

 

ReLux Estates

The Construction of Zygi Marina is Completed!

Last week Demetris Christofias the President of Cyprus hosted the official opening of the new Zygi Marina.

Zygi Village is situated on the south coast between Limassol and Larnaka and the location of the village provides perfect access to the island’s highway network.

The picturesque village of Zygi is one of the most attractive holiday destinations in Cyprus. Currently, a lot of intensive construction is conducted in Zygi: new villas and hotels are being built. The opening of the new port will definitely favour the development of the region’s economy and infrastructure.The building of Cyprus’ other new Marina in Limassol is rapidly progressing, and the construction works on the much anticipated new port in Larnaka are about to begin.

ReLux Estates

The Moscow Golf & Luxury Property Show 2011

Due to demand, the aiGroup is launching the first professional event of it's kind in Russia, which brings together two professional sectors:

• "The Moscow Golf & Luxury Property Show", - for exclusive Real Estate;

• "The Moscow Golf Show" - targeting the growing number of Russian golfers.

www.luxurypropertyshow.ru