54 immaculately designed residences are delivered fully finished with inspired interiors and outdoor living spaces designed by Imperio’s award-winning team.
All of these unique residences were designed to gracefully frame views of the city of Limassol, the coastline and the sky offering an effortless sense of ease and relaxation.
Discover the benefits of investing in a second home and acquiring the European citizenship or a Permanent Resident Permit (PR). Contact our well-trained Customer Service team for more information on the immigration programmes of Cyprus and our properties.
Visit The Icon for more information.
Σε πρόσφατη συμφωνία που σύναψε η Imperio με μέλος της οικογενείας του Εμιράτου της Σάρτζε (μέρος των Ενωμένων Αραβικών Εμιράτων), έφερε ως αποτέλεσμα την εξολοκλήρου αγορά του πύργου The Icon της εν λόγω εταιρίας, που βρίσκεται ήδη υπό κατασκευή στον Ποταμό Γερμασόγειας στη Λεμεσό.
Σύμφωνα με πληροφορίες το Εμιράτο της Σάρτζε έθεσε ως όρο όπως οι εξωτερικές όψεις του The Icon ντυθούν με φύλλο χρυσού, καλύπτοντας έτσι 15,000 m2 με χρυσό. Η Imperio βρίσκεται ήδη σε διαδικασίες εξασφάλισης των ποσοτήτων χρυσού από κατάλληλους προμηθευτείς.
Στην ιδέα του επίχρυσου The Icon, προκλήθηκαν έντονες αντιδράσεις από γειτονικές επιχειρήσεις και σπίτια, όπως τα ξενοδοχεία Harmony Beach και Tsanotel λόγω της αντανάκλασης των ακτινών του ήλιου. Αίτημα παραπόνων έχει καταθέσει και ο ΠΑΣΥΞΕ (εκ μέρους των προαναφερθέν ξενοδοχείων) στην Πολεοδομία Λεμεσού. Παρόμοια φαινόμενα στο εξωτερικό είχαν σαν αποτέλεσμα να λιώσουν αυτοκίνητα, την καταστροφή αντικειμένων και μερικές φορές την πρόκληση φωτιάς εξού και ονομασία του φαινομένου ως «Ακτίνες θανάτου». Το φαινόμενο αυτό προκαλείτε από την συγκέντρωση δέσμης ηλιακού φωτός σε ένα σημείο, όπως ακριβώς μπορεί κάποιος να ξεκινήσει φωτιά με ένα μεγεθυντικό φακό.
Κατόπιν της επικοινωνίας που είχαμε με την Imperio, ο υπεύθυνος του Τεχνικού Τμήματος προέβη σε δηλώσεις ότι «σε μια συνεχόμενη προσπάθεια να ικανοποιήσουμε τα “ιδιαίτερα” αιτήματα του αγοραστικού κοινού χωρίς να επηρεάζουν αρνητικά το άμεσο περιβάλλον, θα χρησιμοποιήσουμε μια νέα τεχνοτροπία όπου το επίχρυσο κτήριο θα έχει ματ φινίρισμα, αποφεύγοντας έτσι τις δυσάρεστες παρενέργειες».
Ο χρυσός πύργος, The Icon, θα γίνει σημείο αναφοράς όχι μόνο στη Λεμεσό αλλά και ανά το παγκόσμιο ενώ δεν αποκλείεται να προσελκύσει λάτρεις της αρχιτεκτονικής από όλο τον κόσμο.
February marks the beginning of a new era in Limassol, as construction began on the new high-rise development, The Icon, by Limassol’s famous property developer Imperio. The Icon is set to be one of the tallest residential buildings in Cyprus, boasting panoramic views of the city and coastline of Limassol. The project was designed by the established architectural firm UDS Antoniades + Eleftheriou architects.
To make way for The Icon, which is set in the heart of Limassol, in the Germasoyia area, a former historic nightclub, The Triangle Bar, was demolished this month. Once completed, the new tower is expected to house 54 idyllic residences across 21 floors, complete with luxury amenities and around-the-clock services.
The residences will range from one-bedroom apartments to penthouses and full-floor homes, delivered fully finished with inspired interiors and outdoor living spaces designed by Imperio’s award-winning team.
Limassol, the cosmopolitan city on the southern coast of Cyprus, is seeing a surge in high-rise developments to satisfy an ever increasing demand for high-end homes. On a national scale, real estate sales this year have recorded an increase in the region of 25% compared to sales figures for 2016.
Yiannis Misirlis, founder and director at Imperio and vice-chairman of Cyprus’s National Developers’ Association stated: “Cyprus is seeing an increasing interest from investors who are keen to invest in property as a means of securing their family’s future. Given that global interest rates are at an all-time low and a degree of geopolitical uncertainty is widespread, Cyprus is proving to be a safe haven for the world’s sophisticated real estate investors. We expect this demand to continue to rise for the next five to six years.”
The estimated delivery date of The Icon is December 2020.
Press release can be found here
Steady recovery in the Cyprus real estate market is expected in 2018, with demand expected to continue progressively, according to several market experts, as published in a recent news article from InBusinessNews, a leading news portal of Cyprus.
2017 was noted as a very good year, during which the recovery of the economy of Cyprus had a definite impact on the real estate sales volume. The sales volume of the year demonstrated a clear recovery of the real-estate market, and a very similar trend should be expected to take place in the New Year, as the economy expands further.
As InBusinessNews reports, the Vice-Chairman of LBDA (National Land and Building Developers Association), Mr Yiannis Misirlis, commented that a sharp change of prices in 2018 is not expected, nor desirable. “Prices were in decline until a couple of years ago, then stabilised, and 2017 was the first year which saw marginal growth. We should expect further marginal growth for the New Year. Therefore, capital appreciations in the region of 3-4 per cent coupled with rental yields, which are currently at 4-5 per cent for residential units, means that traditional core strategies are starting to see increasing investment yields.”
Commenting on any notable moments in 2017, Mr Misirlis remembered the September meeting of LBDA with Troika (the tripartite committee led by the European Commission with the European Central Bank and the International Monetary Fund, that supervised the Economic Adjustment Programme for Cyprus) during which Troika recognised the healthy recovery of the property sector taking place. As Mr Misirlis said, “the Cyprus real estate sector is entering a stabilization path, away from the dangerous moves and the extreme lending that prevailed in the past.”
In a private discussion, Mr Misirlis also commented on the “vertical growth” of Limassol, as a result of the construction of a number of high-rise buildings. “The lure of building skyscrapers is rising as developers and the Government see the benefits they bring to businesses, citizens, tenants, and the city’s profile. This is putting supertall buildings on the development agenda, propelled by economic expansion, and the desire to maximise land value.”
“We expect these stand-out structures to be increasingly command a rental and valuation premium”, Mr Misirlis adds.
While construction costs of high-rises can be high due to issues such as overcoming wind forces and ensuring energy efficiency, the gain can be worth it. “These ‘vertical communities’ not only generate investment opportunities, but also create value for the surrounding areas, helping lure crowds, drive sales and rental prices”, concludes Mr Misirlis.
This is the right time to invest in Cyprus real estate according to Mr Yiannis Misirlis, Director at Imperio and Vice Chairman of Cyprus Land & Building Developers Association. Mr Misirlis addressed this important issue at a Business Delegation and Forum in Tel Aviv earlier this week, while presenting the opportunities in real estate in Cyprus under his authority as a Board Member of Cyprus Chamber of Commerce and Industry (CCCI).
The forum was put together by the CCCI and the Cyprus Ministry of Energy, Commerce, Industry & Tourism in co-operation with the Cyprus-Israel Business Association and the Israel Chamber of Commerce, in an aim towards the promotion of business relations between the business communities of Cyprus and Israel. The focus sectors of the forum included real estate, the funds industry and professional services.
Following an analysis of the real estate market cycles, Mr Misirlis addressed the forum by discussing the status of the real estate sector in Cyprus as being in the “recovery” period, soon to enter the “expansion” phase. This is supported by an extensive analysis of data on sales transactions over the past ten years, indicating that while annual sales might not reach the figures recorded in 2007 where the real estate market was at its peak, Mr Misirlis expressed optimism that the growth will continue, placing the market into a healthy position.
Recovery of the real estate market was also apparent during the first half of 2017, restoring optimism to industry professionals, as it was revealed that in the first quarter of 2017 an increase in real-estate values of 4% was recorded, reflecting the higher demand and transaction activity. According to many real estate analysts, this stage is therefore the most appropriate time to invest in real estate, before the market enters the expansion phase, causing prices to increase.
A key point made by Mr Misirlis during the presentation is that a further increase in demand from foreign buyers was recorded during the first half of 2017, with sale contracts filed by foreigners recording a sizeably large increase compared to the first half of 2016. He identified Cyprus as one of the top performers in Europe and attributed this success to the various incentives introduced by the Cyprus Government in recent years, and to the impressive recovery of the Cyprus economy.
A special emphasis was given to the different investment opportunities which can be found in Cyprus for real estate investors, such as ambitious high-rise developments, the recently permitted integrated Casino Resort, Marinas, golf-course developments, and the recent growth in Limassol’s ever-growing skyline.
The Icon is an extension of the skyline of Limassol, with its unique stretch of land and high end residences on the Mediterranean coastline. Inspired by the unique shape of a luminescent diamond, The Icon was designed to house exclusive residences and a spectacular infinity-edge pool and restaurant on the 10th floor with uninterrupted views of the Mediterranean Sea.
The Icon benefits from unique, life enhancing amenities spanning over two entire floors and overlooking the blue waters of the Mediterranean Sea. Life at The Icon will transcend expectations with lush interiors and living areas, sports, leisure and lifestyle amenities.
According to The Guardian:
Violence, preventable diseases and traffic accidents are to blame for a widening of the youth mortality gap between the developed and developing world, according to a new Guardian analysis of the most recent World Health Organisation (WHO) data.
The most dangerous country in the world to be a young person (defined as aged between 15 and 29) is Sierra Leone, with one youth in every 150 there estimated to have died in 2015. Its youth mortality rate per 100,000 (671) is almost 100 people higher than the next country on the list, war-torn Syria (579).
Cyprus is the safest of the 184 countries analysed, with a death rate of almost one in every 4,762 youths, while Denmark, the fifth safest, halved its number of young deaths between 2000 and 2015. The United Kingdom (one in every 3,030 young people) is ranked just outside the top 10 safest countries, behind Israel.
Source: The Guardian