+ 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. 26160

3

Bedrooms

4

Bathrooms

260 sq.m.

Square

I quarter, 2023

Completion date

Parameters

Property Description

Luxury 3 bedroom penthouse in a modern development, situated atop the west side of the Santa Barbara Hill in Limassol, overlooking the archaeological site of Ancient Amathus, and the Mediterranean Sea beyond. This area on the eastern end of Limassol is home to some of the city’s most luxurious five star hotels and elite dining venues, as well as the picturesque St. Raphael Marina. With easy access to the main highway from two conveniently located roads, every amenity - from private and public schools to the island’s two airports - is just a short drive away. Residents will be truly spoilt for choice with the plethora of high-end dining options available in the area, many of which include hidden gems tucked away in some of the island’s most opulent hotels. The shimmering coastline is just a few steps away, enticing bathers and avid water-sport fans almost year-round. Its unique location gives the opportunity to indulge in ultimate Mediterranean beach living while still enjoying a sense of privacy and detachment from the usual hustle and bustle of the city. Complex comprises of four buildings nestled atop a quiet hillside and embodies the epitome of luxury island living. These four buildings, comprising three apartments in each, sit in close proximity to each other, and feature contemporary architecture combined with stylish elegance and practical functionality.The three-bedroom penthouse apartments offer residents the unique advantage of private access to their own private roofgarden via a private external staircase, complete with a covered deck and barbecue area, for truly  uninterrupted views of the coastline and beyond. Each penthouse comprises an en-suite master bedroom with its own walk-in closet, as well as an additional two en-suite bedrooms which boast generous wardrobe space. All bathrooms are luxuriously finished with gleaming marble and high-quality fixtures. The tastefully designed kitchen is fitted with elegant granite countertops, and is located just off the spacious living and dining areas. Large windows and balcony doors let in an abundance of natural light and are double glazed with laminate glass for sound insulation, thus ensuring utmost peace and serenity within. Additional storage space for the penthouse apartments is available on the lower ground floor. Installed VRV air-conditioning and underfloor heating.

Features

Veranda

Veranda

Storage room

Storage room

Barbecue area

Barbecue area

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

3 bedrooms Penthouse in Limassol, Cyprus No. 26160

3 bedrooms Penthouse in Limassol, Cyprus No. 26160

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Barbecue area

Barbecue area

Car park

Car park

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