+ 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%

1 bedroom Apartment in Limassol, Cyprus No. 44486

1

Bedrooms

55 sq.m.

Square

Parameters

Property Description

This complex consisting of two blocks and 48 apartments located in a tranquil area offers serenity at its best. The property will have a modern classic design. Living room or dining area will have floor to ceiling windows that bring in natural light. Each apartment is carefully designed with functional living spaces and high standards of finish. These apartments also enjoy communal or private swimming pools and private gardens to enjoy special moments with family and friends.

Other specifications of the project:

• Sea views and views of the neighbouring mountains;
• Outdoor pool, gym and yoga room, steam room and sauna;
• Fine dining restaurants and the 5-star hotel in 2 minutes walk;
• High standard finishes;
• High ceilings (3.15 meters);
• Water heated floors and VRV air conditioning;
• Penthouses with private pools on roof terraces.

The Project has EPC certificate with "A" 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

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Common area with pool

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