+ 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 Penthouse in Limassol, Cyprus No. 35346

2

Bedrooms

106 sq.m.

Square

I quarter, 2025

Completion date

Parameters

Property Description

Next is the automatic translation: A rare opportunity to invest in a finished building, where finishing works are underway, to purchase a penthouse for adequate money!
Excellent location within walking distance from Limassol Marina, directly in the city center. Thoughtful layout and the highest quality of construction and finishing works. Boutique building with 11 apartments.

• Property type: Penthouse
• Number of bedrooms: 2
• Number of units: 2
• Total area 106 m2
• Living area: 86 m2
• Turnkey delivery;: 1st quarter 2025
• The possibility of obtaining permanent residence
• The possibility of installments until the end of construction
• The cost is 395 thousand euros + VAT

• There is central heating under the floor
• Custom kitchens and wardrobes
• Granite countertops
• Marble floors
• Plumbing (Roca)
• Faucets and taps (Grohe)
• Mosquito nets on windows and patio doors
• Decorative ceilings with hidden lighting
• "Security door"
• Video intercom system
• Pressurized water supply system
• Solar water heating panel
• Total thermal insulation (extruded polystyrene)
• Covered guarded parking and private storage room
• Video surveillance for all public areas
• Luxury lobby
• Decorative architectural LED lighting for public areas
• Real Estate Management Service

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Statistics

€ 4 952

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

€ 1 481

Apartment (1 bedroom) Outside of Centre

€ 1 244

Apartment (3 bedrooms) in City Centre

€ 2 378

Apartment (3 bedrooms) Outside of Centre

€ 1 882

Buy Apartment Price

Price per square metre in the city centre

€ 4 952

Price per square metre outside the city centre

€ 3 672

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2 bedrooms Penthouse in Limassol, Cyprus No. 35346

2 bedrooms Penthouse in Limassol, Cyprus No. 35346

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