+ 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. 28613

2

Bedrooms

2

Bathrooms

79 sq.m.

Square

III quarter, 2024

Completion date

Parameters

Property Description

Modern 2 bedroom apartment is located in a luxurious residential building. A new project will be developed in the prestigious area of Naafi. This project will be luxurious and modern meeting the demands of every potential resident or investor. It’s size will be small offering thus the sense of uniqueness and security and will have an easy access not only to the Limassol city center but also to the various amenities close to it. The project will consist of six – one-bedroom luxury apartments, five – two-bedroom luxury apartments and one –three-bedroom luxury penthouse. Apartment features living and dining area with an open-plan kitchen, covered terrace, 2 bedrooms, 2 WC, each unite has covered parking place. Finishes and specifications include: ceramic flooring in living/dining room and kitchen room, bedrooms are fitted with laminate parquet flooring, verandas are covered with ceramic tiles, aluminum double-glazed windows, provision for electric shutters, installation of video entry system, provision for A/C. Solar water heater  system. Covered parking. The main entrance of the building is equipped with a video door entry system. Entrances to the building parking spaces are accessible using remote controls. Delivery date: July 2024

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. 28613

2 bedrooms Apartment in Limassol, Cyprus No. 28613

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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