+ 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 Neapolis, Limassol, Cyprus No. 26834

3

Bedrooms

3

Bathrooms

157.7 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

New modern 3 bedroom penthouse in a contemporary complex located in Neapolis, just 330m from the sea and surrounded by all necessary infrastructure and amenities and just 5 minutes’ drive from the city center. The property consists of two independent four story buildings on columns with ground floor parking and storages. It is a unique complex of eleven apartments only in each building, offering to residents an excellent experience of luxurious living and comfortable privacy. On the first three floors the property offers nine luxurious 2 bedroom apartments and 2 penthouses with private roof gardens located on the 4th floor. The 3 bedroom penthouses offer a wide range of amenities and valuable living areas, such as: private roof terrace with a barbeque covered area, toilet and store room and a spacious open dining-sitting area, guest toilet, separate kitchen, dining room, main bedroom with private bathroom and wardrobe, living room, verandas, family bathroom, two covered parking and storage room on the ground floor. All apartments are equipped with: door phones with cameras for entrance control, provision for VRV air condition heating and cooling system, provision for panel convertor heaters, provision for security alarm system. Solar panels for hot water, hydraulic installation with pipe in pipe system. Mechanical ventilation of bathrooms and toilets with no direct ventilation, provisions for television in all the bedrooms, kitchens, living room and verandas Electric shutters in all bedrooms, aluminum windows and doors with double-glazing (with one thermal) Excellent quality of woodwork (doors, wardrobes, kitchen counters and cupboards) Sanitary ware and parts of high standards and first quality ceramics. The building has CCTV security cameras on the ground floor and remote controlled sliding entrance gates. Delivery date: May 2025.

Features

Veranda

Veranda

Storage room

Storage room

3 bedrooms Penthouse in Neapolis, Limassol, Cyprus No. 26834

3 bedrooms Penthouse in Neapolis, Limassol, Cyprus No. 26834

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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