+ 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. 28785

3

Bedrooms

2

Bathrooms

95 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

Modern new 3 bedroom apartment in new project located in a quiet and prestigious area of Panthea, 5 minutes drive to the city center and with all necessary infrustructure and amenities nearby. The building will house of two 3 bedroom apartments and one 3 bedroom penthouse with private roof garden. The apartment consists of an open-plan kitchen with a living room, 3 bedrooms, 2 bathrooms, 2 verandas. Covered parking and store room for each unit. Project is off plan.

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 Penthouse in Limassol, Cyprus No. 28785

3 bedrooms Penthouse in Limassol, Cyprus No. 28785

Features

Indoor facilities

Veranda

Veranda

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