+ 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 Penthouse in Limassol, Cyprus No. 28698

3

Bedrooms

2

Bathrooms

102 sq.m.

Square

III quarter, 2023

Completion date

Parameters

Property Description

New modern 3 bedroom penthouse located in the parish of Agios Spyridon in the Municipality of Limassol. More specifically, this building is located in an easily accessible area, with direct access to the avenues of Spyros Kyprianou, Omonia and Archiepiskopos Makarios C’. It is also worth to mention that it is just 7 minutes away from the city's new casino and 8 minutes from Lady’s Mile Beach and Mall. The three bedroom third floor penthouse is fully ergonomic with smart design. It has comfortable spaces with huge spacious terraces and panoramic views. The area of the apartment is 102m² of indoor covered space, 37m of covered terrace and 103m² of uncovered terraces. The apartment will also have a private swimming pool (3m x 6m), photovoltaic panels, a large storage room on the ground floor and ample parking. The project status is Under Construction and will be deliverable in June 2023.

Features

Veranda

Veranda

Swimming pool

Swimming pool

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 Penthouse in Limassol, Cyprus No. 28698

3 bedrooms Penthouse in Limassol, Cyprus No. 28698

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Swimming pool

Swimming pool

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