+ 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. 44687

2

Bedrooms

87 sq.m.

Square

Parameters

Property Description

This project is located in a quiet residential Limassol’s tourist area, just 850 meters to the sandy beaches. The development promises panoramic city views from each apartment.

The residents will enjoy the opulence of spacious living areas with floor-to-ceiling windows that allow natural light to flow. These homes are designed with the high quality materials and high standards of finish. Each penthouse will enjoy its private swimming pool and panoramic views of the city.

INTERIOR SPECIFICATION:

• Semi-solid parquet floors in each room;
• Marble floor and walls in the toilets and bathrooms;
• High ceilings (3.15 m);
• Security entrance doors;
• Intercom system;
• Under floor heating and central VRV conditioning;
• Sanitary ware from European brands;
• Thermal aluminum window frames with double glazing;
• Kitchen cabinets and wardrobes from European brands;

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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