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GALEA Residence, Germasogeia, Limassol

Germasogeia, Limassol, Cyprus
Under construction
Handover
62 m²
From size
1-Bedroom, 2-Bedroom, 3-Bedroom Apartments
Layouts
Germasogeia, Limassol · 1-Bedroom, 2-Bedroom, 3-Bedroom Apartments · from 62 m² · handover Under construction · starting at 475,420EUR

About the project

A boutique residential development offering a limited collection of 11 carefully designed apartments in a low-rise building with a penthouse level. Clean architectural lines, functional layouts, and energy-efficient engineering including VRV air-conditioning, underfloor heating provision, and photovoltaic systems. Located 1.4 km from the sea in an established residential area with supermarkets, cafes, schools, and convenient highway/airport access.

GALEA Residence by Crona Group is located in Germasogeia, Limassol, Cyprus. The development offers 1-bedroom, 2-bedroom, 3-bedroom apartments, ranging from 62.85 m² to 181.85 m², with prices from €475,420 (+VAT). There are currently 8 units available out of 11.

Features

  • VRV air-conditioning
  • Underfloor heating provision
  • Photovoltaic systems
  • 1.4 km from the sea
  • Penthouse level

Cyprus offers 100% freehold ownership without nationality restriction, EU/Eurozone stability, and a reduced 5% VAT on a qualifying first home. Palmera works directly with the developer — 0% buyer commission.

Direct-to-developer access via Palmera — no buyer commission, full Palmera support from selection through handover, in your language.

Additional details

Detail Value
Developer Crona Group
Location Germasogeia, Limassol
Unit types 1-Bedroom, 2-Bedroom, 3-Bedroom Apartments
Handover Under construction

Investment & payment plan

Freehold
Ownership
Under construction
Handover

The developer

Crona Group
A full-cycle Limassol developer — one consortium covering every stage from land to keys.
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.
Agios Athanasios, Limassol, Cyprus (with a Dubai office)Headquarters50+ completed projects (company-reported)Projects delivered
View Crona Group

About Germasogeia

Limassol's coastal-east tourist strip — beachfront living, Dasoudi Beach and the city's expat heartland.

Germasogeia (Yermasoyia) is Limassol's premium coastal-east district and the beating heart of expat Cyprus, a stretch of seafront on the eastern edge of the city that carries the island's busiest tourist strip. The coastal zone — Potamos Germasogeias, along Kolonakiou and Georgiou A' avenues — is a wall of beachfront hotels, beach clubs, restaurants and nightlife backed by modern apartments and gated residences, while the older Germasogeia village inland offers quieter, family-oriented streets and easy A1 access. It is the address most international buyers know: Dasoudi Beach and its Blue-Flag, eucalyptus-and-pine park sit on its doorstep, and its residents are among Cyprus's most international — British, Russian, Ukrainian, Israeli, Lebanese and a fast-growing wave of remote tech workers — which keeps rental demand deep and year-round. For overseas buyers the framework is straightforward: any nationality can own freehold property in Cyprus, with title held at the Land Registry (Department of Lands & Surveys) and contract lodgment giving specific-performance protection; non-EU buyers obtain routine Council of Ministers approval (typically 2–3 months). A qualifying new primary-market purchase from EUR 300,000 (plus EUR 50,000/yr income from abroad) opens EU permanent residency — a residence permit, not citizenship. Prices are quoted in euros, English is widely spoken, and English common law underpins conveyancing.
~4–6% grossRental yieldThe Heritage Private School (English-language, nearby, ~10 min)NearbyPotamos Germasogeias public primary schoolsNearbyDasoudi Beach & pine park · ~3 minDrive time
Explore Germasogeia

Location

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