+ 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. 27201

2

Bedrooms

2

Bathrooms

75 sq.m.

Square

III quarter, 2024

Completion date

Parameters

Property Description

New 2-bedroom penthouse in a new project under construction, located in Omonia area, Limassol. The area is the perfect balance of a peaceful neighborhood and easy access to important amenities in one of Limassol’s up-and-coming areas. Close by is the "City of DreamsMediterranean", where you can enjoy premium accommodation, restaurants, a spa, and a kids'playground. Just a short distance away, the "Lady's Mile" Beach presents 5 km of beautiful, natural sands, surrounded by trendy beach bars and restaurants. Plus, all the everyday necessities like supermarkets, pharmacies, banks, and schools are conveniently close. The building is comprised of six unique residences. The first floor features two-bedroom apartments, and the second and third floors include a mix of two and three-bedroom units, with the top-floor penthouses offering access to their own private roof gardens. Residents will enjoy spacious living areas and large balconies. Apartment features: high quality ceramic flooring in all areas include bedrooms, made-to-measure fireproof front doors, colored aluminum full height double glazed class A windows, provision for A/C, one covered parking space for each apartment in the ground floor with car charging provision infrastructure, two secure motorized gates for controlled access, each apartment is equipped with a video intercom system. 

Features

Veranda

Veranda

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. 27201

2 bedrooms Penthouse in Limassol, Cyprus No. 27201

Features

Indoor facilities

Veranda

Veranda

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