+ 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. 27589

1

Bedrooms

113 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: Apartments with 1-3 bedrooms with an area of 110 m2 in a legendary high-rise on the 1st line of the sea with a magnificent view of the sea (there are several apartments for sale from 9th to 20th floor) priced from 875,000 euros. More information about the building:

The Icon is located in the heart of Limassol's tourist area, Germasoye, close to the city's most sought-after boutiques, fine restaurants and luxury hotels. The project consists of 54 exquisite residences, which are rented with full finishes and excellent interior design and open living areas. Marble floors, special lighting design, household appliances of leading brands fully integrated into kitchen furniture, huge ceiling-to-floor doors and, of course, panoramic views of the sea and the city opening from absolutely all residences are the distinctive features of this project. Each of The Icon's residences, from one-bedroom apartments to penthouses and full-floor residences, impresses with precise proportions and attention to every detail. Access to private residences is limited by special elevators.

Each of the residences has energy-saving windows, hidden air conditioners and underfloor heating, which provide living spaces with a warm atmosphere and comfort. In addition, each of the residences is designed in such a way as to gracefully display the view of Limassol and the coastline, leaving a slight feeling of serenity and relaxation.

Project features:

The Icon offers a unique additional infrastructure on two floors overlooking the Mediterranean Sea (on floors 10 and 11).

In the Water Club on the 10th floor there is an infinity pool (with an overflow edge), on the same floor there is a prestigious restaurant that offers not only delicious dishes, but also breathtaking panoramic views of Limassol. On the 11th floor there is a Fitness and Yoga Club, which is equipped with luxury fitness equipment. It is perfect for fitness classes for both adults and children.

There are two levels of covered parking in the building. Each apartment has its own parking and storage room.

The Icon provides hotel-style accommodation, with 24-hour service, cleaning of the residence at any time of the day, chauffeur services, etc. Clients will also be offered a special system for renting out their residences (long-term and short-term): where all members of the rental pool will have the opportunity to receive dividends regardless of whether their residence will be rented out in a certain period of time. or not. The Icon's special management department will decide which residence will be rented out and for how long, in order to maximize profit for its owner. The conservative forecast of profitability is 5% per year.

Location:

To the sea: 100 m

Limassol city center: 3 km

Larnaca Airport: 65 km

Shops: 10 m

Restaurants: 20 m

The cost starts from 875,000 euros

More detailed information, additional photos, layouts, live screenings: whatsapp/viber/telegram

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Statistics

€ 4 952

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

€ 1 481

Apartment (1 bedroom) Outside of Centre

€ 1 244

Apartment (3 bedrooms) in City Centre

€ 2 378

Apartment (3 bedrooms) Outside of Centre

€ 1 882

Buy Apartment Price

Price per square metre in the city centre

€ 4 952

Price per square metre outside the city centre

€ 3 672

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1 bedroom Apartment in Limassol, Cyprus No. 27589

1 bedroom Apartment in Limassol, Cyprus No. 27589

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