+ 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%

Studio Apartment in Limassol, Cyprus No. 43370

Studio

Bedrooms

45 sq.m.

Square

Parameters

Property Description

This resort type complex is just a few steps away from the beach. The tourist area of Limassol offers a wealth of amenities within walking distance for residents of the complex, including a cinema theatre, a choice of restaurants and a vibrant nightlife. The residents will enjoy a gated resort with its own private roads, 4 communal swimming pools, a playground area and lush green gardens.

1, 2, 3 and 4 bedroom apartments enjoy a lobby area, concierge service, restaurant, spa and gym facilities and an internal pool area. Each fully furnished apartment has been designed and decorated in the modern style.

The living areas feature large windows that stream in the sunshine and afford views of the Limassol coastline.

The Project has EPC certificate with "B+" Energy Efficiency Rating.

Features

Common area with pool

Common area with 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

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Features

Outdoor features

Common area with pool

Common area with pool

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