NEON, Agios Ioannis, Limassol

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.

Agios Ioannis is a central residential district of Limassol, named after Saint John (Agios Ioannis in Greek) and set just inland of the city's old port and marina quarter. It borders Katholiki and the Old Port to the south-east, the Tsiflikoudia coastal strip to the south, and Omonoia and Apostolos Andreas inland — putting the seafront, the historic centre and the A1 motorway all within a few minutes' drive. The district is best known for the Nikos Solomonidis and Apollon indoor arenas (home courts of AEL and Apollon Limassol basketball), and it sits a short hop from the main campus of the Cyprus University of Technology (TEPAK) in the neighbouring historic core. For foreign buyers the appeal is a central, liquid rental location without a seafront price tag: any nationality can own freehold, with non-EU buyers cleared by routine Council of Ministers approval and title registered at the Cyprus Land Registry. Central residential apartments run roughly €3,200–€4,500 per m², gross yields sit around 6% — higher on smaller units — and off-plan entry starts from about €235,000 (Square One's NEON; prices quoted +VAT).