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    Home / Ontwikkelaars / Crona Group
    A full-cycle Limassol developer — one consortium covering every stage from land to keys.

    Crona Group

    Crona Group is a Limassol-based consortium of real-estate development companies, headquartered in Agios Athanasios with an additional office in Dubai. It describes itself as a group that covers every aspect of real-estate development, from project inception to completion, controlling each stage in-house rather than relying on third-party contractors. Its licensed building arm, Crona Construction, holds an A'A' top-tier construction licence — the highest category in Cyprus. The company reports 20+ years of experience, 50+ completed projects and 300+ professionals across the group. Its output spans boutique apartment buildings, residential complexes and villas, plus commercial offices, concentrated in established Limassol neighbourhoods.

    Hoofdkantoor Agios Athanasios, Limassol, Cyprus (with a Dubai office)
    Limassol
    Headquarters
    50+ projects · 20+ yrs
    Track record
    4
    Active on Palmera
    DE STAAT VAN DIENST

    Crona Group's trackrecord.

    Crona Group is positioned as a full-cycle Limassol developer that keeps the entire process in-house — land acquisition, design, engineering, construction and sales under one consortium — and, per its own statements, does not sub-contract the build to third parties. Its construction arm, Crona Construction, holds an A'A' top-tier construction licence, the highest category in the Cyprus contractors' register, which signals the resources and competencies to undertake large-scale projects. The group's work is concentrated in established, well-connected Limassol neighbourhoods such as Columbia, Kapsalos, Mesa Geitonia, Germasogeia, Mouttagiaka and Pyrgos.

    Opleveringsrecord

    Crona Group reports 50+ completed projects and a team of 300+ professionals across the consortium. Independent developer directories list a smaller number of individually named schemes, so the 50+ figure is best read as the company's own tally across two decades of building. As a private developer it sells off-plan and under construction, with the price staged across the build rather than paid upfront in full.

    Jaren actief

    The company reports 20+ years of experience; corporate records indicate the group has operated in Limassol since around 2007 (roughly 19 years as a registered entity, HE375471), the '20+ years' figure likely reflecting the collective experience of its teams.. 50+ completed projects (company-reported)

    Financiële kracht

    Crona Group does not publicly disclose detailed corporate financials. The clearest external signals of capacity are its A'A' construction licence (top tier in Cyprus), a holding structure that includes its own licensed builder (Crona Construction) so that development and construction are handled in-house, and a portfolio of delivered and sold-out schemes in Limassol. The company reports 300+ professionals across the group. Funding follows the standard Cyprus model of off-plan and under-construction sales staged across each build.

    HoofdkantoorAgios Athanasios, Limassol, Cyprus (with a Dubai office)
    TypePrivate consortium of real-estate development & construction companies (full-cycle developer)
    Actieve projecten4
    Instapprijsvanaf 282K AED
    SIGNATURE COMMUNITIES

    Crona Group vlaggenschip bestemmingen.

    Landmark residential tower · Limassol
    PARK TOWER Limassol
    One of the group's most prominent completed residential landmarks in Limassol, part of a Park-branded family of schemes (alongside Park Suites & Villas). Now sold out — a marker of Crona's move into taller, higher-profile city product.
    Multi-phase residential series · Limassol
    UNITY I / II / III
    A three-phase residential series delivered across successive buildings, all sold out. Repeat, phased schemes of this kind are a signature of Crona's volume, value-focused apartment product in established Limassol districts.
    Premium apartments · Limassol
    ONYX Residence
    A completed premium apartment scheme, marketed as ready to move in. Positioned at the higher end of Crona's residential range (entry around €585,000 when last listed), it targets end-users and investors wanting a finished, move-in-ready home.
    Apartments & villas · Limassol
    GARDEN SQUARE
    A completed mixed apartment-and-villa development, marketed as ready to move in (entry around €555,000 when last listed). A larger, amenity-led scheme that broadens Crona's product beyond single apartment blocks.
    WAT HEN ONDERSCHEIDT

    Wat maakt Crona Group bijzonder.

    Vastgoedtypes ApartmentsResidential complexesVillasPenthousesCommercial / offices
    Prijssegment Mid-market to premium

    Kenmerkende stijl

    Crona Group specialises in boutique-to-mid apartment buildings, larger residential complexes and villas, complemented by commercial office space, placed across established Limassol neighbourhoods. Its differentiator is a full-cycle, in-house model: as a consortium that includes its own A'A'-licensed builder, it takes projects from land and design through engineering, construction and sales without handing the build to third-party contractors — which the company presents as its main quality-control advantage. Homes are delivered to modern specifications and marketed both to end-users and to investors.

    Betalingsplannen

    Crona Group sells off-plan and under construction, with the price staged across the build in the standard Cyprus manner — a reservation fee, a larger payment on signing the contract of sale, interim stage payments as construction progresses, and the balance on delivery of keys. Ready-to-move-in stock (e.g. Onyx, Garden Square) can complete faster. Exact terms vary by project and should be confirmed per scheme. Note that quoted prices are ex-VAT ("+VAT").

    DE EERLIJKE BLIK

    Sterke punten & aandachtspunten.

    Waar Crona Group schittert
    • Full-cycle, in-house developer — one consortium controls land, design, engineering, construction and sales, with its own A'A' top-tier-licensed builder rather than sub-contracted crews
    • A long, established Limassol track record — the company reports 50+ completed projects and 20+ years of experience, with delivered, sold-out schemes such as Park Tower, the Unity series, Onyx and Garden Square
    • Any nationality can buy freehold in Cyprus; non-EU buyers get routine Council of Ministers approval (about 2–3 months), with title registered at the Land Registry and the contract lodged for specific-performance protection
    • A new primary-market property from €300,000 (plus €50k/yr income from abroad) can support a Cyprus Permanent Residency application — a residence permit, not citizenship
    • Investor-friendly tax: no inheritance, gift or wealth tax, no annual national property tax, and stamp duty abolished; non-doms pay 0% on dividends, interest and rent for 17 years
    • A euro-denominated, EU market under English common law, with English widely spoken; entry on Palmera from €268,000 (+VAT)
    Aandachtspunten
    • Prices are quoted ex-VAT: 19% standard VAT applies; the reduced 5% rate is only for an owner-occupied first home (first 130 m², caps €350k value / €475k transaction) — a buy-to-let or PR unit pays 19%
    • Several active projects are off-plan or under construction, so they call for patient capital and carry delivery risk; ready-to-move-in stock is available but priced higher
    • Some headline figures — 20+ years, 50+ projects, 300+ professionals — are the company's own statements and are not independently audited here; the group does not publicly disclose detailed financials
    • Capital gains tax of 20% applies to gains on Cyprus property
    • Permanent Residency requires a €300k+ new property plus €50k/yr foreign income; it is a residence permit, not citizenship (citizenship-by-investment was abolished in 2020), and Cyprus is in the EU but not yet in full Schengen — it does not grant border-free travel
    4 ACTIEF PROJECTEN

    Alle projecten van Crona Group.

    Live uit de catalogus — gesorteerd van laagste naar hoogste prijs. Klik op een kaart voor de volledige vastgoedpagina.

    OFF-PLAN
    Kapsalos · Limassol

    VERNO, Kapsalos, Limassol

    1-Bedroom, 2-Bedroom, 3-Bedroom Apartments Oplevering Under construction
    Vanaf
    281,601EUR
    OFF-PLAN
    Mesa Geitonia · Limassol

    GATEWAY Residences, Mesa Geitonia, Limassol

    1-Bedroom, 2-Bedroom, 3-Bedroom Apartments Oplevering Under construction
    Vanaf
    299,300EUR
    OFF-PLAN
    Germasogeia · Limassol

    GALEA Residence, Germasogeia, Limassol

    1-Bedroom, 2-Bedroom, 3-Bedroom Apartments Oplevering Under construction
    Vanaf
    475,420EUR
    OFF-PLAN
    Mesa Geitonia · Limassol

    Gateway Offices, Mesa Geitonia, Limassol

    Commercial / Office Units Oplevering Under construction
    Vanaf
    2,548,920EUR
    GOED OM TE WETEN

    Veelgestelde vragen over Crona Group.

    Who is Crona Group?+

    Crona Group is a Limassol-based consortium of real-estate development and construction companies, headquartered in Agios Athanasios with an additional office in Dubai. It describes itself as a group that covers every aspect of real-estate development, from inception to completion, and controls each stage in-house through its own A'A'-licensed builder, Crona Construction. The company reports 20+ years of experience, 50+ completed projects and 300+ professionals across the group.

    What does Crona Group build, and where?+

    Crona Group builds mainly apartments, residential complexes and villas, plus commercial offices. Its work is concentrated in Limassol — across established districts such as Columbia, Kapsalos, Mesa Geitonia, Germasogeia, Mouttagiaka and Pyrgos. On Palmera it lists active projects from €268,000 (+VAT), including the boutique GALEA scheme and the mixed-use GATEWAY residences and offices.

    What is Crona Group's track record?+

    The company reports 50+ completed projects and 20+ years of experience, with delivered, sold-out schemes in Limassol such as Park Tower, the Unity I/II/III series, Ariadne, Autograph, Dasoudi and Park Suites & Villas, alongside ready-to-move-in stock like Onyx and Garden Square. These headline figures are the company's own statements. Its construction arm holds the highest-tier A'A' construction licence in Cyprus.

    Can foreigners buy a Crona Group property in Cyprus?+

    Yes. Any nationality can buy freehold property in Cyprus. Non-EU buyers need Council of Ministers approval, which is routine and typically takes about 2–3 months. Title is registered at the Cyprus Land Registry (Department of Lands & Surveys) — there is no DLD or RERA — and buyers protect an off-plan purchase by lodging the contract of sale for specific-performance protection.

    Can buying a Crona Group property get me residency or citizenship?+

    It can support Permanent Residency, not citizenship. A new primary-market property from €300,000, together with €50,000/year of income from abroad, can qualify for a Cyprus PR application — a residence permit, not a passport. Citizenship-by-investment was abolished in 2020. Note too that Cyprus is in the EU but not yet in full Schengen, so PR does not grant border-free travel.

    What taxes and costs apply to a Crona Group purchase?+

    Prices are quoted ex-VAT. Standard VAT is 19%; a reduced 5% rate applies only to an owner-occupied first home (first 130 m², caps €350k value / €475k transaction), so a buy-to-let or PR unit pays 19%. Stamp duty is abolished, and there is no inheritance, gift, wealth or annual national property tax. Capital gains tax is 20% on Cyprus property, and non-doms pay 0% on dividends, interest and rent for 17 years. All figures are indicative for 2026 and subject to change — confirm with a Cyprus tax adviser.

    WELLICHT OOK INTERESSANT

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