Limassol's investor-focused residential developer — boutique-to-mid buildings, priced for yield.
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.
מה שהופך את Square One ליזם עם רקורד מסירה מוכח, מיצוב ברור בשוק ומודל מימון שקוף.
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.
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.
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.
הפרויקטים הבולטים שממחישים למה Square One תופס מקום מוביל בשוק הדירות היוקרה שמחוץ לתוכנית בקפריסין.
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.
Under constructionOne 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.
Off-planA 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.
Off-planA 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.
Off-planA regeneration of the historic ESEL building on Anexartisias Street into 92 serviced apartments with a rooftop pool and restaurant, gym and wellness facilities, plus ground-level hospitality and retail — Square One's hospitality-led product in the city core.
Off-planMid-market to premium (investor-focused)
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.
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").
Mesa Geitonia (Limassol) · Agios Athanasios (Limassol) · Agios Nikolaos (Limassol) · Agia Fyla (Limassol) · Agios Ioannis (Limassol) · Petrou kai Pavlou (Limassol) · Germasogeia (Limassol) · Katholiki (Limassol) · Historical Centre (Limassol) · Tsiflikoudia (Limassol) · Kato Polemidia (Limassol) · Universal (Paphos)
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Off-Plan Square One is a Cyprus real-estate development and investment group headquartered in Limassol, with an office in London. Founded in 2021, it focuses on investor-grade residential property in Limassol — with selective commercial and hospitality schemes — and runs a fully integrated platform covering development, architecture, sales, legal and post-sale management. It reports 11 fully sold-out projects and €111 million transacted across 398 units.
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).
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.
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.
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.
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.
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