invest limassol

Limassol · Cyprus

NEON Limassol
Residences by Square One

1, 1+1 and 2-bedroom residences in west Limassol, eligible for Cyprus Permanent Residency from €300,000.

  • Off-plan · Feb 2029
  • 20 apartments · 1–2 bed
  • Cyprus PR eligible
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Limassol Q2 '26 avg€4,850 / m²
01/06
Our Approach

We generate advantageous yields by curating exceptional residential developments in Limassol chosen for location, build, and demand.

We collaborate with Cyprus's most credible developers to promote a focused selection of investment-grade homes built for modern living, strong rental demand, and long-term appreciation.

Every project on this site is hand-selected against a single standard: would we put our own capital into it. If the answer is no, it does not appear here.

NEON luxury residence by Square One in Agios Ioannis, Limassol
Currently promoting · Agios Ioannis, Limassol

Neon.

Residences · 20 apartments · NEON is an exclusive collection of 20 apartments in one of Limassol's fastest growing neighbourhoods, just west of Limassol Marina and minutes from the city centre. Located on the edge of the transforming Tsiflikoudia district, it offers an opportunity to be part of an area experiencing significant growth and investment.

01 · Overview

A quiet statement in west Limassol.

NEON is an exclusive collection of 20 apartments in one of Limassol's fastest growing neighbourhoods, just west of Limassol Marina and minutes from the city centre. Located on the edge of the transforming Tsiflikoudia district, it offers an opportunity to be part of an area experiencing significant growth and investment.

The development comprises one bedroom, one plus one, and two bedroom apartments, all featuring spacious covered verandas. Selected top floor residences have the option of private rooftop gardens with provision for a swimming pool, while all residents can enjoy a communal rooftop swimming pool and relaxation area, creating an appealing lifestyle for both homeowners and investors.

Type
Residential
Units
1, 1+1 & 2 bedroom
Location
Agios Ioannis, Limassol
Status
Off Plan
Completion
February 2029
Energy
Grade A
Resources

Documents & downloads

Floor plans

Three configurations.

1 bedroom

~55 – 70 m²

Single-aspect with covered veranda.

1 + 1

~75 – 90 m²

Extra study / guest room, dual aspect on select floors.

2 bedroom

~95 – 115 m²

Larger living area; top floors offer private roof terrace option.

Download full plans (PDF) ↗
02 · Availability

Current availability, on request.

Live inventory · synced with Square One sales desk

Request the current availability sheet.

We don't publish a static unit list; pricing and remaining inventory change weekly. Request the latest sheet and we'll deliver pricing, floor, area, view and availability for every remaining unit, typically within the same business day.

  • · 1, 1+1 and 2-bedroom apartments
  • · Floor plans and unit orientation
  • · Current ask price per unit
  • · Reservation and payment schedule

No obligation · response within 1 business day

03 · Yield

Model the return on a NEON unit.

Indicative Yield EstimatorIllustrative · not financial advice
€480,000
€2,400
Gross rental yield
6.00%
Net rental income / yr
€22,464
After ~22% operating & vacancy costs [1]
Projected value · year 5
€612,615
At 5.0% p.a. [2]
Total projected return
€244,935

Assumptions & sources

  1. [1] 22% operating-cost assumption covers management fees, communal charges, insurance, maintenance and a ~5% vacancy allowance. Actuals vary by unit and management arrangement.
  2. [2] Capital appreciation default of 5% p.a. is indicative only. Reference: Central Bank of Cyprus Residential Property Price Index (centralbank.cy). Past performance does not guarantee future results.
  3. Rent and price inputs are user-adjusted; default values are placeholders for a typical 2-bed unit and must be validated against the live availability sheet before relying on them.
  4. This estimator is for general information only and does not constitute tax, legal or investment advice. Investors should consult an independent advisor licensed in their jurisdiction.
04 · Location

Within walking distance.

Minutes from the Marina, MyMall, and city centre.

Open in Google Maps ↗

MyMall

2 km

ICan School

600 m

Marina Beach

1.7 km

City of Dreams

2.5 km

Public Transport

130 m

Paphos & Larnaca Airports

50 km

05 · Gallery
NEON street view with landscaped surroundings
NEON facade with cypress trees and balconies
NEON cantilevered balconies and architectural detail
NEON rooftop pergola and structural elements
NEON rooftop terrace with jacuzzi and city views
NEON open-plan living and kitchen interior
NEON master bedroom with floor-to-ceiling window
NEON stone-clad bathroom with walk-in shower
Cyprus Permanent Residency

EU residency, via real estate.

Non-EU investors may apply for fast-track Cyprus Permanent Residency through the purchase of new-build residential property. NEON is structured to meet the eligibility threshold.

Min. investment
€300,000

Excluding VAT, in new-build residential property.

Family included
Spouse + dependants

Children under 25 in full-time study, parents subject to income.

Renewal
Lifetime

Subject to maintaining the investment and visiting Cyprus at least once every 2 years.

Indicative timeline
~2 months

From complete file submission to Civil Registry decision.

Schengen access
Not yet

Cyprus is an EU member working towards Schengen accession.

NEON eligibility
Yes

Pricing for 1+1 and 2-bed units sits at or above the €300k threshold.

Source: Cyprus Ministry of Interior, Civil Registry & Migration Department, fast-track residency category 6(2) under Regulation 6 of the Aliens & Immigration Regulations. Eligibility, income and asset-source requirements apply and change from time to time. Always seek independent legal advice from a Cyprus immigration lawyer before relying on this information for an investment decision.

Frequently asked

About NEON.

Who is the developer and what is their track record?
NEON is built by Square One, a Cyprus-based developer. We recommend reviewing their portfolio and completed projects directly with their team. We can arrange an introduction as part of your consultation.
What taxes and fees apply when buying property in Cyprus?
For new-build property, VAT applies to the purchase (the reduced 5% VAT rate may apply to a primary residence under the Cyprus VAT Act, subject to eligibility limits on area and value; the standard 19% rate otherwise). Stamp duty applies to the contract of sale. Transfer fees on new-build with VAT are typically waived or reduced. Annual immovable property tax has been abolished, but local municipality fees apply. Always confirm current rates with an independent Cyprus tax advisor before purchase.
How is the buyer's payment protected before completion?
Off-plan purchases follow a staged payment schedule tied to construction milestones. The signed contract of sale is lodged with the Cyprus Land Registry, which creates a registered interest in the property in the buyer's name and protects against the developer encumbering or selling the unit to another party.
When is NEON expected to complete?
Anticipated completion is February 2029, in line with the indicative construction schedule published by Square One. Completion dates on off-plan developments can shift; the latest schedule is shared in the project information pack.
Am I eligible for Cyprus Permanent Residency through this purchase?
Cyprus offers a fast-track Permanent Residency programme for non-EU nationals investing in new-build residential property of at least €300,000 (excluding VAT), subject to meeting income and other eligibility criteria set by the Cyprus Ministry of Interior. Eligibility is assessed case-by-case; an immigration lawyer should review your specific situation.
How does rental income work and can it be repatriated?
Cyprus is an EU jurisdiction with no capital controls; rental income (after applicable Cyprus tax) can be transferred internationally. Cyprus has an extensive double-taxation treaty network. Your domestic tax treatment depends on your country of residence; consult an advisor in your home jurisdiction.
Can I view the property remotely or do I need to travel to Cyprus?
We arrange video consultations with Square One's senior advisors for international investors, with full project walkthroughs, document review and Q&A. An in-person visit to the Limassol office and site is recommended before signing but is not required to begin the process.
Invest in Limassol

A city redefining the Eastern Mediterranean.

Aerial view of Limassol
Context

Limassol has emerged as Cyprus's most international city a hub for shipping, technology, finance, and hospitality. New residential supply continues to be absorbed by a steady stream of relocating professionals, families, and cross-border investors.

For investors, the combination of a stable EU jurisdiction, growing rental demand, and a maturing lifestyle offering makes Limassol an increasingly compelling long-term hold.

01

Growing property demand

Continuous absorption of new residential supply, supported by relocation and rental demand from professionals and families.

02

Strong lifestyle appeal

Marina, beaches, international schools, and a year-round Mediterranean climate.

03

International investor interest

Limassol consistently attracts cross-border buyers looking for stable EU assets with long-term appreciation potential.

By the numbers

Limassol's investment story, in figures.

A focused city of growth international demand, premium supply, and one of the EU's most resilient lifestyle markets.

Source · Square One internal records, 2024

0M+
Developer sales
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Units delivered
0
Projects
0+
Years building
Investor Assessment

A short assessment to match you with the right opportunity.

Six quick questions. No commitment. Your details are shared only with Square One's sales team to prepare your consultation.

  • We match you with the units that fit your budget and goals.
  • We confirm your eligibility for Cyprus Permanent Residency.
  • We arrange a direct introduction with Square One's senior team.

2 minutes · 6 questions · No commitment

Or send a message

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Leave us a note and our team will be in touch shortly to arrange a free consultation at the Square One office in Limassol.

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Promoting Square One developments
Cyprus jurisdiction · EU member state
Title transfer via Cyprus Land Registry
Contract of sale lodged for buyer protection
GDPR compliant data handling
Independent legal counsel recommended
Promoting Square One developments
Cyprus jurisdiction · EU member state
Title transfer via Cyprus Land Registry
Contract of sale lodged for buyer protection
GDPR compliant data handling
Independent legal counsel recommended
Explore Project