Why to invest in Cyprus Limassol and what are the advantages?
Strategic Location:
Geographic Hub: Cyprus, strategically situated at the crossroads of Africa, Europe, and Asia, serves as a pivotal Eastern Mediterranean trading post.
European Union Membership: As a proud member of the European Union since 2004 and a part of the Eurozone, Cyprus provides a stable economic environment bolstered by EU regulations.
Legal Framework: Anchored in British law, Cyprus boasts a robust legal framework recognized for its efficiency, investor-friendly nature, and strict compliance with EU regulations and directives.
Favorable Tax Regime: With the lowest EU corporate tax rate at 12.5%, Cyprus offers an attractive tax regime, fostering a well-regulated business environment.
Booming Real Estate Market: Limassol’s real estate sector has witnessed remarkable growth, presenting diverse investment opportunities across residential, commercial, and tourism-related developments.
Infrastructure Development: Substantial investments in infrastructure, spanning transportation, telecommunications, energy, and tourism, enhance connectivity, streamline business operations, and contribute to overall economic growth.
Expat-Friendly Environment: Ranked as the 3rd most popular expat destination in the EU, Cyprus appeals to foreigners with its mild climate, stunning landscapes, warm seas, and affordable cost of living.
Sun-Kissed Lifestyle: With 300 days of sunlight annually, Cyprus offers an idyllic living and working environment. The island’s rich cultural inclination towards art and entertainment further enriches this desirable lifestyle.
Cost of Living: Cyprus maintains a lower cost of living compared to similar countries and ranks 27th in the Economist Intelligence Unit’s 2019 Quality of Life index, promising a high standard of living at a reasonable expense.
Why choose Anaselto Ltd in Cyprus and CEDO in Lebanon?
Decades of Experience:
With roots dating back to 1993 (CEDO in Lebanon) and the establishment of Anaselto Ltd in Cyprus in 2022, our companies bring a collective experience of over 32 years to the table. This rich history includes the successful completion of more than 20 significant commercial and residential projects, each reflecting our commitment to luxury conditions in Beirut and Tripoli, Lebanon.
Expertise and Experience:
Our office teams boast unparalleled expertise, with over three decades of experience in design and construction. We take pride in showcasing a portfolio that includes a diverse range of large-scale commercial and residential projects. Our extensive experience demonstrates not only our proficiency but also our ability to navigate and excel in the dynamic construction and development industry.
Quality of Workmanship:
Anaselto Ltd and CEDO prioritize the delivery of unparalleled workmanship. Our commitment to excellence is evident in every detail of our projects, where meticulous attention, superior craftsmanship, and an unwavering dedication to quality set us apart. Choosing us means choosing a standard of work that exceeds expectations and leaves a lasting mark of quality.
Timely and On-Budget Delivery:
We understand the significance of timelines and budgets in every project. With a proven track record, we emphasize our ability to deliver projects on time and within budget. Our adept project management, precise scheduling, and cost-effective solutions ensure that clients not only achieve their goals but do so efficiently, minimizing delays and avoiding cost overruns. When you choose Anaselto Ltd and CEDO, you choose a reliable partner committed to the timely and cost-effective realization of your vision.
What kind of construction do we specialize in?
At Anaselto, we specialize in two key areas:
Residential Construction: Our expertise extends to crafting exceptional residential spaces, encompassing the construction of single-family homes, multi-family dwellings (including apartments or condominiums), townhouses, and various other residential properties. Whether it’s new construction, renovations, or remodeling projects, we bring a blend of innovation and precision to every home we build.
Commercial Construction: Anaselto excels in the realm of commercial construction, focusing on the development of non-residential structures. This includes designing and building office buildings, retail stores, restaurants, hotels, warehouses, and diverse commercial facilities. Our specialization in commercial construction spans across various project types and sectors, ensuring a tailored and expert approach to each endeavor.
Where is the project's location in Cyprus?
Nestled in the vibrant city of Limassol, our latest project is strategically situated in the burgeoning Polemidia area, promising a unique blend of modern living and accessibility. Here are key features that define the allure of this prime location:
Upcoming Area: Polemidia stands as an upcoming area, symbolizing the city’s growth and development. Its potential makes it an exciting investment for those seeking not just a home but a stake in a thriving community.
Younger Couples: The locality caters to the dynamic lifestyle of younger couples, offering a contemporary environment that aligns with their aspirations and preferences.
Affordability: Positioned as a more affordable option than the central areas of Limassol, Polemidia provides an opportunity for residents to enjoy a high-quality lifestyle without compromising on budget considerations.
Proximity to Healthcare: Residents benefit from the convenience of having a nearby hospital, ensuring prompt access to healthcare services when needed.
Easy Access and Close to the Highway: The strategic placement of our project ensures easy accessibility, with close proximity to the highway, facilitating seamless connectivity to the city center and other key locations.
Surrounded by Greenery: Embraced by greenery, the Polemidia area offers a refreshing and aesthetically pleasing environment, creating a serene backdrop for residents to unwind and connect with nature.
Quiet and Tranquil: In Polemidia, tranquility reigns. The peaceful ambiance provides a welcome retreat from the hustle and bustle of urban life, fostering a harmonious living experience.
Safety: The neighborhood boasts a reputation for safety, assuring residents of a secure living environment. Moreover, a park in front of the building enhances the sense of community and recreational opportunities for residents.
Choosing our project in the Polemidia area means embracing a location that not only meets practical needs but also enriches everyday living with its unique combination of affordability, accessibility, and a serene, community-oriented atmosphere.
How long does a typical constructions project take in Cyprus?
Typical Construction Project Duration in Cyprus:
The timeline for a typical construction project in Cyprus can vary based on several factors, such as project size, complexity, regulatory processes, and environmental conditions. Below is a general guideline for different types of construction projects in Cyprus:
Residential Construction:
For larger residential developments or multi-unit housing projects, the construction duration typically falls within the range of 16 to 18 months. This timeframe encompasses the entire process from the commencement of construction, including any necessary demolition, to the completion of the project.
At Anaselto, we communicate transparently with our clients, providing realistic expectations. Generally, we advise that once construction is initiated, which may involve the demolition phase, the completion of infill sites takes approximately 16 to 18 months. It’s important to note that for projects in greenfield areas, where the site is undeveloped, the construction timeline may be slightly shorter, potentially reducing the overall duration by a few months.
Our commitment to efficiency and effective project management allows us to streamline processes, ensuring timely completion without compromising on the quality that defines our work. We understand the importance of delivering projects within reasonable timeframes, and our experienced team works diligently to meet and exceed client expectations.
Do you have your own crew or do you have subcontractors?
At Anaselto, we believe in delivering excellence through a dynamic approach to project execution. Our strategy involves a combination of in-house expertise and strategic collaboration with trusted partners:
In-House Professionals: Our core team comprises skilled and experienced professionals who bring their expertise to various aspects of the construction process. From project management to design and construction, our in-house team forms the backbone of our operations, ensuring a consistent standard of quality throughout.
Strategic Collaboration with Buildex Construction (Cyprus) Ltd: In pursuit of the highest standards, we have entered into strategic agreements with reputable partners, such as Buildex Construction (Cyprus) Ltd. With over 20 years of experience in Cyprus, Buildex Construction shares our commitment to quality and professionalism. This collaboration allows us to leverage their specialized knowledge and resources for certain tasks, enhancing the overall efficiency and precision of our projects.
Vetting and Oversight: Rest assured, every subcontractor we engage with undergoes a rigorous vetting process. We meticulously assess their qualifications, experience, and adherence to industry standards. Our commitment to maintaining our standards of quality and professionalism extends to thorough oversight of all subcontractors, ensuring seamless integration into our project workflow.
This combination of in-house capabilities and strategic collaborations allows us to deliver comprehensive solutions, meeting project deadlines with precision and ensuring the successful realization of our clients’ visions. Anaselto remains dedicated to building lasting partnerships and achieving excellence in every aspect of our construction endeavors.
Do you offer any Warranties or Guaranties on the work you do?
Warranty and Guarantee for Your Peace of Mind:
Standard Warranty: At Anaselto, we take pride in the quality of our work, and to ensure your peace of mind, we offer a standard warranty on all our workmanship. This comprehensive warranty is designed to cover any defects in materials and workmanship for a specified period following the completion of your project. For specific details regarding the duration and coverage of our warranty, we invite you to consult with our dedicated team. Our commitment is to provide you with lasting confidence in the durability and integrity of our construction.
Quality Assurance Guarantee: We stand firmly behind the quality of our work. Our commitment to excellence goes beyond the completion of the project. If, within a reasonable timeframe after the project’s conclusion, any issues arise due to our workmanship, we pledge to address them promptly. Our Quality Assurance Guarantee ensures that any necessary repairs or adjustments will be undertaken at no additional cost to you. Your satisfaction is paramount, and we are dedicated to upholding the standards that define Anaselto – a commitment to quality that endures long after your project is completed.
Customer Care Policy?
At Anaselto, our commitment to excellence extends beyond the construction site; it permeates every interaction with our clients. Our customer care policy is a testament to our dedication to delivering not just projects, but a superior experience throughout the entire journey.
Exceptional Service at Every Stage: We are unwavering in our commitment to providing exceptional service, ensuring our clients’ satisfaction at every stage of their project. Our customer care policy reflects our dedication to delivering high-quality workmanship, fostering transparent communication, and addressing the unique needs and concerns of our clients in a prompt and professional manner.
Ultimate Client Satisfaction: Our ultimate goal is the satisfaction of our clients. If, for any reason, a client is not completely satisfied with our work, we pledge to do everything in our power to make it right. This may involve revising the work, providing additional services, or even offering a refund. Your contentment is our priority.
Continuous Improvement: We believe in ongoing improvement and learning from our experiences. Regular evaluations of our customer care practices, gathering feedback from clients, and implementing changes are integral to our commitment to enhancing the overall client experience. This ensures that we consistently deliver the highest level of service possible.
Timely and Responsive Communication: Recognizing the value of our clients’ time, we are committed to responding to inquiries, requests, and concerns in a timely manner. Our team is readily available to address any issues that may arise during the course of the project, reaffirming our dedication to transparent communication and client satisfaction.
At Anaselto, our customer care policy is not just a statement; it’s a commitment to creating enduring relationships based on trust, communication, and a shared vision of success.
What payment methods are used?
Payment Methods for Property Purchase with Anaselto:
Bank Transfer:
- The primary method for property transactions with Anaselto is through a secure bank transfer. Once the purchase agreement is finalized, and all conditions are met, buyers can seamlessly transfer the agreed-upon purchase price from their bank account to Anaselto’s designated account. This transparent process ensures a smooth and traceable financial transaction.
Mortgage Financing:
- Recognizing the financial diversity of our clients, Anaselto facilitates mortgage financing for those who prefer this option. Buyers can make a reasonable down payment, typically ranging from 20-30% of the purchase price, and secure a mortgage loan from a trusted bank or financial institution. Monthly mortgage payments are then made by the buyer to gradually repay the loan over a specified period, allowing for flexibility in property investment.
Developer Financing:
- To provide additional flexibility, Anaselto offers financing options directly to buyers. Under this arrangement, buyers can make an initial down payment and then proceed to pay the remaining balance in convenient installments over an agreed-upon period. The terms of these installment plans may vary and could include interest charges, depending on the specific financing policies set by Anaselto.
At Anaselto, our diverse payment methods cater to the unique financial preferences and needs of our clients. Whether through direct bank transfers, mortgage financing, or developer financing, we aim to make the property purchasing process as accessible and tailored to your individual circumstances as possible.
We strive to not just meet but exceed expectations, fostering lasting relationships built on trust.
Hani Fawal
Managing Director