+ 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%

1 bedroom Penthouse in Limassol, Cyprus No. 28657

1

Bedrooms

1

Bathrooms

52.6 sq.m.

Square

Parameters

Property Description

New modern 1 bedroom penthouse in a contemporary and beautifully designed complex located in the calm and convenient area of Parekklisia in Limassol. Famous for its charm and serenity with just five minutes away from the Mediterranean Sea, Pareklissia is surrounded by so much greenery, beautiful restaurants, and most importantly very easy and safe roads. Carefully devised with the utmost originality, the new gated residence is beautifully composed of three striking villas and an enchanting building all designed to resonate a theme of elegance, comfort and aspiration through one development. Project is cautiously composed to make sure that harmony, spaciousness, impeccable quality, and exceptional design are not just factors of design, but also factors of peace-creation in the making. With a keen consideration towards valued sustainability, complex maintains an energy efficient relation with the ecosystem through harvesting local energy sources. A building of 10 apartments lavishly designed with the utmost care offering a sense of complimentary feel to the gated residence. It offers a variety of luxurious and spacious 4 Two Bedroom apartments, Two Penthouses (Two Bedrooms), 3 One Bedroom apartments, One Penthouse (One bedroom) with large terraces. The outstanding design & finishing of the project and its strategical location, make this project an excellent choice for a living. Apartment features granite kitchen worktops, double-glazed aluminum windows and installed air-conditioning split-units. Covered parking and storage. Gated Residence. Greenery. Terraces. CCTV. Photovoltaics provision. Roof Gardens. Luxurious Entrance

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

1 bedroom Penthouse in Limassol, Cyprus No. 28657

1 bedroom Penthouse in Limassol, Cyprus No. 28657

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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