SQUARE

Limassol's investor-focused residential developer — boutique-to-mid buildings, priced for yield.

Square One

Q: What does Square One build, and where?

Square One builds mainly boutique-to-mid apartment buildings, many with rooftop gardens or pools, plus serviced-apartment, hospitality and commercial schemes. Its work is concentrated almost entirely in Limassol — across districts such as Agios Athanasios, Mesa Geitonia, the Historical Centre, Tsiflikoudia and Kato Polemidia — with one project in Universal, Paphos. On Palmera it lists 20 projects from €171,000 (+VAT).

Q: What is Square One's track record?

Since 2021 Square One reports 11 fully sold-out projects, 398 units and €111 million transacted, and 30,000+ m² of completed residential space, across 35+ projects on its platform. It has a live pipeline of 15 projects worth over €200 million, including 500+ new homes launched in 2026 for delivery around 2028. Most Palmera-listed projects are off-plan or under construction.

Q: Can foreigners buy a Square One 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.

Q: Can buying a Square One 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.

Q: What taxes and costs apply to a Square One 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.

Square One is a Cyprus real-estate development and investment group headquartered in Limassol, with a further office in London. Founded in 2021, it was built around a single thesis: deliver investment-grade residential product in Limassol, priced for yield and aimed at international capital. It runs a fully integrated platform — in-house development, architecture, sales, legal and post-sale management — led by managing director Demetris Papadopoulos alongside a team drawn from architecture, engineering, quantity surveying and finance. Its output is mostly boutique-to-mid apartment buildings with rooftop gardens and pools, plus selective commercial and hospitality schemes, concentrated almost entirely in Limassol with one project in Paphos.

Hoofdkantoor Limassol, Cyprus (with a London office)

Limassol

Headquarters

398 units · €111M

Track record

Active on Palmera

DE STAAT VAN DIENST

Square One's trackrecord.

Square One is positioned as an investor-first Limassol developer. Rather than competing on trophy scale, it targets strong rental-demand neighbourhoods across the city and builds boutique-to-mid apartment buildings designed to let and resell — a fully integrated platform where development, architecture, sales, legal and post-sale management sit under one roof. Its leadership team spans architecture, civil engineering, quantity surveying and real-estate finance, and in 2026 the group extended into fund management with Square One Capital, targeting mid-market residential and urban regeneration.

Opleveringsrecord

Square One has a real delivery record for a young company: it reports 11 fully sold-out projects and 30,000+ m² of completed residential space, with 35+ projects across the platform and 400+ apartments built or in delivery. As a private developer it sells off-plan and under construction, staged across the build, rather than upfront in full.

Jaren actief

Since 2021 (around 5 years). 11 fully sold-out projects; 35+ projects across the platform

Financiële kracht

Square One reports having transacted €111 million across 398 units and assembled a live pipeline of 15 projects worth over €200 million, including 500+ new homes launched in 2026 for delivery around 2028. Its funding model relies on off-plan and under-construction sales staged across each build. Detailed corporate financials are not publicly disclosed.

HoofdkantoorLimassol, Cyprus (with a London office)

TypePrivate real-estate development & investment group

Actieve projecten20

Instapprijsvanaf 171K AED

SIGNATURE COMMUNITIES

Square One vlaggenschip bestemmingen.

Boutique residential · Limassol old town

The Collection, Historical Centre

A boutique scheme of around 70 apartments in Limassol's historic centre, with roughly half of the units already sold during construction. Positioned for year-round, walk-everywhere city-centre rental demand rather than a purely seasonal hold.

Coastal-district residential · Limassol

The Docks, Tsiflikoudia

One of the group's largest single schemes — over 90 apartments across a mid-rise building in the Tsiflikoudia district near the western waterfront, with a project value reported at around €33 million. Aimed squarely at the buy-to-let investor.

Large-scale residential · Limassol

Zoia, Kato Polemidia

A large residential development of roughly 150 homes in Kato Polemidia, one of Square One's biggest schemes by unit count — a volume, value-focused product in an established, well-connected Limassol suburb.

Boutique residential · Limassol

Aura Residences, Agios Athanasios

A boutique 16-unit building in Agios Athanasios, one of Square One's core residential districts. Small, design-led apartment schemes of this size — often with rooftop gardens or pools — are the developer's signature format.

WAT HEN ONDERSCHEIDT

Wat maakt Square One bijzonder.

Vastgoedtypes ApartmentsStudiosPenthousesServiced apartmentsCommercial / offices

Prijssegment Mid-market to premium (investor-focused)

Kenmerkende stijl

Square One specialises in boutique-to-mid apartment buildings — design-led residential schemes, many with rooftop gardens and pools, placed in strong rental-demand neighbourhoods across Limassol. The core product is residential, complemented by serviced-apartment and hospitality schemes and a single commercial office building (APEX). New buildings are marketed to high (Grade A/A+) energy-efficiency standards, and homes are designed first as lettable, resellable investor assets.

Betalingsplannen

Square One 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. 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 Square One schittert

Investor-first developer — boutique-to-mid buildings deliberately sited in strong rental-demand Limassol neighbourhoods, designed to let and resell
A genuine delivery record for a young firm: 11 sold-out projects, 398 units and €111M transacted, 30,000+ m² completed since 2021
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 €171,000 (+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%
Much of the portfolio is off-plan or under construction — several 2026 launches deliver around 2028, so it calls for patient capital and carries delivery risk
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
An investor-concentrated model leans on rental demand, which can be more cyclical than owner-occupier housing

20 ACTIEF PROJECTEN

Alle projecten van Square One.

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

Square One

Square One's trackrecord.

Opleveringsrecord

Jaren actief

Financiële kracht

Square One vlaggenschip bestemmingen.

Wat maakt Square One bijzonder.

Kenmerkende stijl

Betalingsplannen

Sterke punten & aandachtspunten.

Alle projecten van Square One.

Aura, Agios Athanasios, Limassol

ZOIA, Kato Polemidia, Limassol

NEON, Agios Ioannis, Limassol

NAYA, Agios Athanasios, Limassol

Solea, Katholiki, Limassol

The Collection, Historical Centre, Limassol

Aether, Agia Fyla, Limassol

DELOMA, Agios Athanasios, Limassol

Apollo, Petrou kai Pavlou, Limassol

Achilleas, Mesa Geitonia, Limassol

Orama, Agios Nikolaos, Limassol

The Docks, Tsiflikoudia, Limassol

Lennox, Agios Athanasios, Limassol

Aldo, Agios Athanasios, Limassol

Zaya, Universal, Paphos

NOA, Mesa Geitonia, Limassol

NEVE, Agios Nikolaos, Limassol

KAIA, Germasogeia, Limassol

Orion, Agios Nikolaos, Limassol

APEX, Petrou kai Pavlou, Limassol

Veelgestelde vragen over Square One.