+ 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 Apartment in Limassol, Cyprus No. 28611

2

Bedrooms

2

Bathrooms

76 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

New modern 2 bedroom apartment located in The apartment building in the area of Agia Fylaxeos in Limassol, on a panoramic plot on a south-facing hill with an unobstructed view of the city with easy access to the highway and within easy reach of all necessary infrastructure, amenities and the city center.  The building consists of eight apartments in total, two of which are one-bedroom apartments and the rest two-bedroom apartments. The apartments on the third floor each have a separate roof garden with covered space and storage. Each apartment has private storage on the ground floor and a covered parking lot. Particular emphasis in the design was given to the functionality of the spaces and the inclusion of the view in the most important spaces of the apartments, while the biggest challenge that was called to be addressed concerned the integration of the building into the natural environment since this plot consisted of strong elevation differences. The architecture is simple, modern and contemporary with a single linear development of all important spaces parallel to the view, which is unobstructed thanks to the large balcony windows and the big height difference of the lot from the front neighbouring plots. More specifically, the living room and the master bedroom of each apartment are developed along the covered terrace and the view, while the second bedroom is located in a more private zone. The entrance to the apartment building is from the east side of the plot with the specially designed gate which ensures the privacy and security of the tenants. The building is an apartment building with timeless materials that are in perfect harmony with the environment, aiming to redefine the modern way of life.

Features

Veranda

Veranda

Storage room

Storage room

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 Apartment in Limassol, Cyprus No. 28611

2 bedrooms Apartment in Limassol, Cyprus No. 28611

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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