+ 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. 43254

3

Bedrooms

127 sq.m.

Square

Parameters

Property Description

This residential building features 9 apartments with a choice of number of bedrooms, each designed with attention to detail and quality finishes. The apartments boast quality porcelain tiles and laminated parquet floors, along with modern Italian high standard kitchen cabinets and wardrobes.

The ceiling in kitchens, toilets and corridors will be adorned with gypsum boards and built-in spotlights, creating modern look.

The aluminium windows offer thermal insulation performance with double-glazed glass for added energy efficiency. Each flat will have a solar panel for hot water, a reservoir tank, provision for a water softener and a pressurized system.

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

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

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