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What does residence mean?

19 February 2021

Especially in North Cyprus, residences offer comfort and service together in one package.  Residences provide services in the comfort of a hotel, without the need of leaving your premises.

The word “residence” actually refers to luxury residences. Those residency complexes offer a variety of conveniences to their residents. Although initially only luxury buildings with an array of annexed social facilities and various services come to mind, the word has become fashionable now and is used generally for high-rise buildings with services.

The definition of “Residence” in this sense is a high-rise, high quality building, with services provided to inhabitants. A residence has social facilities like pool or gym and often mini markets, has security systems in place and operates using upmarket technology.

The dictionary of the Turkish Language Association describes the meaning of residence as; “A residence reserved for the residing of high state officials, ambassadors, etc.”.

The flats of smart residence buildings, where everything is computerized, promise a lifestyle without the responsibilites of running a household and they live up to this promise. All needs of your home are met by others on your behalf. I.e. should your tap need repairing, it is not up to you to find a plumber. Entrances and exits are controlled by cameras and/or security staff, underground parking space(s) are allocated to the flat. Fire hazards are automatically been taken care of.

Who prefers to live in residences?

Businessmen

Foreigners

Singles

Newly-weds

Art community

What are the advantages and disadvantages of a residence?

Pro’s:

-Service at the level of hotel comfort

-24 hour controlled entry-exit and other security systems

-Sound insulation (available in almost all residences)

– No parking problem

– Generally built in city centers (preferred by white collar employees).

Con’s:

– High monthly condominium fees

– High-rise buildings

– Small flats

-Not preferred by families with children

Pro’s

-Service at the level of hotel comfort

-24 hour controlled entry-exit and other security systems

-Sound insulation (available in almost all residences)

– No parking problem

– Generally built in city centers (preferred by white collar employees).

In addition to standard services such as the cleaning, maintenance and repair of apartments; concierge and butler services when requested, laundry and dry cleaning, valet parking and grocery shopping are among services provided in residence buildings.

For more real estate vocabulary, please click on the Real Estate Dictionary tab.

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