+ 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 Apartment in Limassol, Cyprus No. 28647

3

Bedrooms

2

Bathrooms

119 sq.m.

Square

II quarter, 2024

Completion date

Parameters

Property Description

New modern 3 bedroom apartment in a contemporary residential project located in the centre of Limassol, in a very quiet neighbourhood, very close to all amenities and main arteries of the town. With its modern design and high quality materials chosen both externally and internally, will provide the habitants with practicality, comfort and high standard of living, all these in the heart of Limassol. Its precise location has been carefully picked in order to provide all the benefits of a ‘city centre’ way of living, but at the same time offer tranquillity to the residents. The development’s location is only 100m off Makarios Avenue and 50m off Vassili Michaelides str, offering easy access to Makarios Avenue, the city centre shopping area, government offices, banks, public and private schools, clinics, shops, restaurants etc. Access to the sea side road and Limassol Marina is only a 3 minutes drive. The project consists of two adjacent apartment blocks. Each Block is arranged over seven floors. The ground floors are allocated to a generously sized entrance lobby, covered parking spaces and storage rooms. The development will be gated, with controlled access points for both vehicular and pedestrian entrances / exits. The floors above, from one to five, generate two apartments per floor. One 2-bedroom apartment and one 3-bedroom apartment. On the sixth floor there will be a 3/4 bedroom penthouse. On the seventh floor, a roof garden will be offered to the penthouse apartment, including a kitchenette, wc and shower, plunge pool, BBQ facilities, sun lounge and a storage area. Both types of apartments offer a modern open plan kitchen and a large dining/living area as well as Master bedrooms with ensuite facilities. The covered balcony is of sufficient size and can accommodate both sitting and dining arrangements. On the ground floor a garden area will add to the project’s character. Specifications: VRV provision, garden/playground, C/H provision, high quality kitchen/wardrobes, Remote controlled Gated enrty /video phones, high quality floorings/tiles, Cctv in parking area, Pressuriser, Electric car charging points per apartment, High quality Aluminium frames, Energy type A building, High ceilings, Parking and storage per apartment

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

3 bedrooms Apartment in Limassol, Cyprus No. 28647

3 bedrooms Apartment in Limassol, Cyprus No. 28647

Features

Indoor facilities

Veranda

Veranda

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