+ 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. 28187

3

Bedrooms

3

Bathrooms

172 sq.m.

Square

I quarter, 2022

Completion date

Parameters

Property Description

New modern 3 bedroom penthouse in a contemporary complex located in a city center, close to all necessary infrastructure and amenities The gated buildings of this residence typify modern architecture and structural ingenuity. Lobbies and common areas have been transformed into modern, beautiful spaces, and the landscaped gardens surrounding the two buildings. The first four floors of each building consist of two 2-bedroom apartments, and the 4th floors, a 3-bedroom penthouse with a private roof garden. The architectural design and functional creativity of each apartment ensures that no space is wasted and that the needs of every resident are met. Privacy is maximized on account of no common walls between the apartments, which the buildings overlook. When open, the corner floor-to-ceiling glass doors extend the floor space of each apartment significantly, and adds an appealing contemporary aesthetic. Covered parking and storage for each apartment.

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. 28187

3 bedrooms Penthouse in Limassol, Cyprus No. 28187

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