Agios Tychonas is a prestigious and picturesque area located on the eastern side of Limassol. This district combines modern infrastructure, rich history, and stunning natural surroundings, making it one of the most attractive places to live and invest in Cyprus.
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Location
Agios Tychonas is strategically positioned along the Mediterranean coast, offering residents easy access to beaches and water activities. The area is in close proximity to the highway and Limassol city center, making it an ideal location for those who appreciate the convenience of urban living while enjoying the tranquility of a coastal district.
Historical and Cultural Landmarks
The area is rich in historical landmarks, with the ruins of the ancient city of Amathus being a notable highlight. Amathus is one of the oldest cities in Cyprus, and its archaeological sites attract tourists from around the world, adding unique charm and historical value to Agios Tychonas.
Beaches and Natural Beauty
One of the main attractions of Agios Tychonas is its magnificent beaches. With clean water, fine sand, and excellent beach infrastructure, these beaches are popular among both locals and tourists. The beaches here are perfect for family outings as well as for active sports like windsurfing, kite surfing, and diving.
Infrastructure
Agios Tychonas offers well-developed infrastructure, providing everything necessary for comfortable living. The area features supermarkets, shops, pharmacies, and numerous restaurants and cafes offering both local and international cuisine. For families with children, the area has several schools and kindergartens, such as Kindergarten Agios Tychonas and Elementary School Agios Tychonas, which provide quality education.
Transportation Accessibility
Agios Tychonas is well connected to other parts of Limassol and the rest of Cyprus. Major transportation routes and a well-developed public transport network make it easy to reach the city center as well as Larnaca International Airport, located about 60 km from the area.
Variety of Real Estate
Agios Tychonas, situated on the eastern side of Limassol, offers a wide range of real estate options for various buyers. From cozy apartments to spacious townhouses and luxurious villas, each property type has its unique features and advantages.
Apartments
For those seeking convenient and modern living spaces, Agios Tychonas offers numerous apartments of various types. One-bedroom apartments, starting at €200,000, are an excellent choice for young couples and professionals. These apartments typically range from 50-60 m² and are equipped with all necessary amenities.
Three-bedroom apartments, ideal for families, are priced between €400,000 and €1,500,000. These apartments range from 100 to 200 m² and are often located in modern residential complexes with pools, fitness centers, and parking facilities. Luxury apartments, priced up to €5,000,000, offer over 200 m² of living space with panoramic sea views.
Townhouses
Family townhouses in Agios Tychonas are an ideal choice for those seeking spacious homes with additional amenities. Prices for these properties range from €500,000 to €1,200,000, with areas ranging from 150-250 m². These townhouses often feature small private gardens and parking spaces, making them perfect for families with children.
Villas
Luxurious villas in Agios Tychonas symbolize prestigious and comfortable living. Prices for these villas start at €1,500,000 and can reach up to €10,000,000 or more. For example, a villa with an area of 530 m² and a garden of 1900 m² might cost around €2,000,000. These villas offer a high level of privacy and are often equipped with swimming pools, large gardens, and terraces with sea views.
Real Estate Market Features
Prices
The average price per square meter for property in Agios Tychonas in 2024 is around €3,500. For premium properties, this figure can reach up to €6,000 per square meter. This area attracts both local and international buyers due to its prestigious status and high quality of life.
Investment
Real estate in Agios Tychonas is attractive to investors. The average property price growth in Limassol is 5-7% per year, making investments in this area profitable. The high demand for rentals also allows for an annual income of 3-5%, making this area appealing for rental investments.
Tax Benefits
Changes in VAT law that came into effect in 2023-2024 set a reduced VAT rate of 5% only for the first 130 m² of primary residences valued up to €350,000. The total property value should not exceed €475,000, and the area should not be larger than 190 m². These changes have reduced the area covered by the preferential rate from 200 m² to 130 m². These changes align with European Union regulations and respond to criticism from the European Commission.
Advantages of Living in Agios Tychonas
With a population of around 10,000 people, Agios Tychonas offers a peaceful and safe environment. The area is known for its high standard of living and excellent living conditions. Residents can enjoy all the benefits of coastal life while maintaining access to the amenities of a large city.
Unique Real Estate Projects
Agios Tychonas is renowned not only for its comfortable housing and developed infrastructure but also for its unique real estate projects that make this area particularly attractive to investors and buyers.
Symbol Residence
One of the most iconic projects in the area is Symbol Residence. This luxurious residential complex offers unique apartments with stunning views of the Mediterranean Sea. The complex consists of high-end apartments equipped with the latest technology and offers residents a wide range of amenities, including a pool, fitness center, secure parking, and private beach access.
Amatus Residence
Another significant complex is Amathus Residence. This project stands out for its modern design and high level of comfort. Amatus Residence offers spacious apartments and penthouses that meet the needs of the most discerning buyers. Residents of the complex can enjoy a pool, spa, gym, and other luxury amenities available on-site.
Four Seasons Hotel
Agios Tychonas is also home to one of the best hotels in Cyprus, the Four Seasons. This five-star hotel is known for its high level of service and offers its guests the best conditions for relaxation and leisure. Four Seasons features its own restaurants, spa center, several pools, and a private beach. The hotel is a popular destination not only for tourists but also for hosting various events and business conferences.
In conclusion, Agios Tychonas is one of the best areas in Limassol for purchasing real estate due to its prestigious location, high quality of life, and attractive investment opportunities. Whether you are looking for a permanent residence or planning to invest in income-generating property, Agios Tychonas will meet all your requirements.
