Aktea Residences 4

Aktea Residences 4 is a boutique project comprising 24 apartments in a central residential area of Limassol, 1.2 km from the coast and just 20 m from an adjacent park. This is the fourth project in Cybarco's Aktea series, following Aktea Residences 1, 2 and 3 — all handed over and 100% sold.

The project is developed across 4 floors with 6 units per floor, designed in a contemporary architectural language featuring an exterior combining composite aluminium panels and vertical sunshades on the balconies. All 1-bedroom apartments (8 units) have been reserved; only 9 2-bedroom apartments currently remain, with prices starting from €510,000. Handover is expected in November 2026.

Aktea Residences 4 Features

Each 2-bedroom apartment has a covered built floor area of 87 m² plus 19 to 28 m² of covered terrace, bringing the total area to 106 to 115 m². The reinforced concrete frame structure is earthquake-resistant, and the outer walls consist of 25 cm hollow bricks with external thermal insulation, ensuring an Energy Efficiency Class A rating under Cyprus regulations.

Interiors are delivered to high-end standards, including pre-varnished natural timber flooring for bedrooms, ceramic tiles for kitchen and living areas, and kitchen cabinets and bedroom wardrobes imported from Italy. Kitchens come equipped with porcelain stoneware countertops, a ceramic hob, electric oven, extractor hood, washing machine, dishwasher and refrigerator. A V.R.V air conditioning system (heating and cooling) is combined with water-based underfloor heating via a V.R.V heat exchanger.

Each apartment integrates a smart home system: automated touch lighting control, burglar alarm with motion sensors, connected via a central touch panel or controlled remotely via the internet. Rooftop solar panels are connected to each unit's electricity meter under a net metering scheme, reducing household electricity costs.

Limassol — the Investment Case

Limassol is the largest commercial and entertainment hub in Cyprus, as well as a Mediterranean port city home to the island's largest international community. Aktea Residences 4 is situated in a central residential area offering fast highway access and a short drive to Limassol Marina — Europe's renowned superyacht marina.

Not far from the project is City of Dreams Mediterranean, Europe's first integrated casino resort operated by Melco. Limassol Old Town, the medieval castle where King Richard I of England married in 1191, and four 18-hole championship golf courses are all within a short drive. Larnaca International Airport is approximately 70 km from Limassol, and Paphos International Airport is roughly 70 km in the opposite direction.

Cybarco — the Developer

Cybarco is a member of the Lanitis Group, established in 1945 and one of Cyprus's leading real estate developers. Cybarco's portfolio includes iconic Limassol developments such as The Oval, Limassol Marina, Trilogy Limassol Seafront, Akamas Bay Villas, and Sea Gallery Villas. All of Aktea Residences 1, 2 and 3 have been handed over and 100% sold — demonstrating Cybarco's execution capability and reputation in Limassol's urban boutique apartment segment.

Cyprus Permanent Residence Programme

Purchasing Aktea Residences 4 with a minimum value of €300,000 excluding VAT qualifies for Cyprus Permanent Residency under Regulation 6(2). All 9 remaining 2-bedroom apartments at Aktea Residences 4 exceed the programme's minimum investment threshold. Fast-track programme applications have a processing time of approximately 2 to 3 months according to the Civil Registry and Migration Department.

Investors, together with their spouse and children under 18 (or dependent children under 25 in full-time education), are granted Cyprus permanent residence — an EU member state. Minimum income requirements from sources outside Cyprus are €50,000 per year for the main investor, plus €15,000 for the spouse and €10,000 per dependent child. Permanent residence is valid indefinitely with no renewal needed, requiring entry into Cyprus only at least once every 2 years.

Tax Advantages and Yield

Purchasing Aktea Residences 4 as a primary residence qualifies for a reduced VAT rate of 5% (instead of the standard 19%) on the first 200 m², subject to Cyprus VAT law conditions. For buy-to-let purchases, the 19% VAT may be reclaimed through the corporate self-assessment mechanism.

All of Aktea 1, 2 and 3 are 100% sold out in Limassol, demonstrating strong liquidity for boutique apartments in central residential areas. Cybarco operates property management and rental services through its subsidiary BeCyprus, offering asset management and letting solutions for non-resident investors in Cyprus.