+ 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%

5 rooms Building in Limassol, Cyprus No. 28493

5

Bedrooms

630 sq.m.

Square

Parameters

Property Description

New modern building/block of apartments located in the heart of Limassol at the saught-after municipality of Agios Athanasios. The building is located in a quiet residential area and close to many services and amenities. The nearby Linopetra elementary school and Linopetra high school are within walking distance. Location of the building is very close to Kolonakiou avenue with numerous shops, boutiiques and supermarkets. The building offers spacious three bedroom apartments characterized by their functionality and efficient layout. The apartments have large covered verandas with panoramic views and top apartment has a sea view. Each apartment has a designated covered parking in the basement. A common green area, behind the building functions as a park and offers space for children to play. The building has an elegant design and simple yet selected materials, finishes and colors offer an elevated uniqueness to the apartments and the building in general. The plot’s orientation has been taken into consideration in terms of natural light in order to create more views to the South and less to the East and West. The building has been designed with materials and specifications to make it sustainable with the best possible energy efficiency and the least possible energy consumption. Status: off-plan. Construction will start after contarct signing

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

Features

Indoor facilities

Veranda

Veranda

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