+ 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%

1 bedroom Apartment in Limassol, Cyprus No. 26247

1

Bedrooms

1

Bathrooms

50 sq.m.

Square

III quarter, 2023

Completion date

Parameters

Property Description

Modern new 1 bedroom apartment in Kapsalos area of Limassol, surrounded by all necessary infrastructure and amenities, with easy access to the highway, located in a modern residential apartment complex of 8 units that combines modern architecture and high-quality materials. Each apartment will have a modern plan, with large open space layout, custom made kitchen cabinets and build in closets. Each unit will have its own private, covered balcony with large double glazed windows. Tile flooring and laminate in bedrooms, provisions for air-conditioning and panel heaters. Covered parking and storage.

Features

Veranda

Veranda

Storage room

Storage room

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

1 bedroom Apartment in Limassol, Cyprus No. 26247

1 bedroom Apartment in Limassol, Cyprus No. 26247

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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