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+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

  • The purchase is made by an individual, not a legal entity.
  • The buyer is not going to rent out the acquired property.
  • This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.
A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

3 bedrooms Penthouse in Limassol, Cyprus No. 23494

3

Bedrooms

3

Bathrooms

278.4 sq.m.

Square

III quarter, 2025

Completion date

Parameters

Property Description

  • 350 meters to the sandy Dasudi Beach with Eucalyptus Park;
  • One of the most prestigious areas in Limassol- Papas;
  • Tranquil and peaceful neighbourhood;
  • City amenities are within walking distance;
  • Common swimming pool, fully equipped gym and sauna;
  • Covered parking;
  • Spacious living and dining areas;
  • Breathtaking city views;
  • Under floor heating and air conditioning;
  • High ceilings of 3.15 meters;
  • High standards of finish;
  • Penthouses enjoy private roof terraces with pools

Features

Close to the beach

Close to the beach

Near public transportation

Near public transportation

Close to shopping malls

Close to shopping malls

Close to the airport

Close to the airport

Prestigious district

Prestigious district

Sea view

Sea view

Statistics

€ 4 788

Price per sq.m.

158

Quality of Life Index

66

Cost of Living Index

Choose a city for comparison

Parameters

Limassol

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

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3 bedrooms Penthouse in Limassol, Cyprus No. 23494

3 bedrooms Penthouse in Limassol, Cyprus No. 23494

Features

Location

Close to the beach

Close to the beach

Near public transportation

Near public transportation

Close to shopping malls

Close to shopping malls

Close to the airport

Close to the airport

Prestigious district

Prestigious district

Sea view

Sea view

City view

City view

Panoramic view

Panoramic view

Beautiful view

Beautiful view

Features

Intercom

Intercom

Smart Home system (on demand)

Smart Home system (on demand)

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