+ 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%

2 bedrooms Penthouse in Limassol, Cyprus No. 26156

2

Bedrooms

101 sq.m.

Square

Parameters

Property Description

Luxury 2 bedroom penthouse in a modern complex In a much sought aſter address in the heart of Papas area, Germasoyia. This complex is only 500m away from the famous Dassoudi Beach and 400m to the Beach Road that awaits you with buzzing night life, restaurants and boutiques. Amenities are close by with only 2 walking minutes to supermarkets, pharmacies, and pastry shops, it is still far enough to provide you with a serene and tranquil living that allows for relaxation away from busy traffic. Innovative design and comfort are combined in this elegant 5 floor building that will give you a hard-to-find no-neighbour/1 apartment-per-floor luxury. Top specifications and an inspired concept give each floor its unique lay-out. The interiors are modern but elegant and connect seamlessly to the ample terrace spaces and chic facades. Each apartment offers an open floor plan that combines state of art kitchen with the dining and living areas. The floor to ceiling windows and sliding glass doors welcome in natural light , lovely views and the Mediterranean sea breeze. Two well appointed bedrooms with designer bathrooms, built-in closets and walk-in closet complement the concept. Each floor has 2 parking lots and 1 storage room. Floors 4 and 5 are dedicated to the penthouse with its private roof garden and pool. High quality finishes are to be seen in every detail, from the floors, throughout the plasterwork to the ceilings, as well as in high tech materials and luxury extras like security doors, smart automation systems for lights and curtains, lush outdoors and last but not least an exquisitely designed entrance to this stylish building. Delivery: December 2020.

Features

Veranda

Veranda

Car park

Car park

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

2 bedrooms Penthouse in Limassol, Cyprus No. 26156

2 bedrooms Penthouse in Limassol, Cyprus No. 26156

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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