+ 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. 28624

2

Bedrooms

2

Bathrooms

79 sq.m.

Square

Parameters

Property Description

Modern 2 bedroom apartment in the Residences project located in the highly desirable, prestigious and elite area of Columbia, Limassol. The project offers close to the motorway and the bustling Limassol tourist area with its multitude of restaurants, taverns, bars and nightclubs. A few munites away is the Limassol seafront with its infinite sandy beaches, interesting historical sites and a coastal walkway that stretches for many kilometers for the walking enthusiasts. Close to local & private schools. The project is consist of 2 apartments blocks, both will have only 3 apartments on each floor. The apartments are built to the highest standards and represent modern living reflecting its upper-class residential status. Innovative architecture combined with quality construction and quality of the materials define the quality as well as the energy efficiency of the development. Project specification: 4-Floors, uninterrupted views of the Mediterranean, spacious bedrooms, 1 master bedroom with en-suit - facilities, open - plan living, dinning & kitchen area, glass sliding doors leading to a covered veranda, double glazed windows, security entrance doors, intercom system, storeroom / utility room, covered parking, gated entrance

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

2 bedrooms Apartment in Limassol, Cyprus No. 28624

2 bedrooms Apartment in Limassol, Cyprus No. 28624

Features

Indoor facilities

Veranda

Veranda

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