+ 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 Apartment in Limassol, Cyprus No. 39305

2

Bedrooms

84 sq.m.

Square

III quarter, 2027

Completion date

Parameters

Property Description

Next is the automatic translation: A new boutique residential complex with 8 apartments with 2 bedrooms and 2 bathrooms, a storage room and a parking space in a covered parking lot in the center of Limassol in the popular Apostolos Andreas area, a stone's throw from Arch Street. Makarios is close to Limassol Marina, the waterfront, etc. It has excellent investment potential, both in terms of price growth and for long-term rental in the future.• Type of property:apartments
• Number of bedrooms: 2
• Number of agricultural units: 2
• Garage
• The storeroom
• Total area 84 m2
• Covered area 77.3
• Outdoor terrace of 6.5 m2
• Solar electric panels
• Solar water heaters
• Turnkey finishing
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• Installment payment for 2 years
• The possibility of obtaining permanent residence

This apartment offers 77.3 m2 of thoughtful interior space, with two spacious bedrooms and two well-equipped bathrooms, ensuring a comfortable stay. Located in the popular area of Apostolos Andreas, this property will give you the opportunity to enjoy a comfortable life in the center of Limassol, when the rich infrastructure of the city is just a few steps away from your new home, ensuring that everything you need is always at hand.

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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 Apartment in Limassol, Cyprus No. 39305

2 bedrooms Apartment in Limassol, Cyprus No. 39305

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