+ 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. 45081

2

Bedrooms

75 sq.m.

Square

Parameters

Property Description

The 3 floor building consists of six 2-bedroom apartments with modern design and spacious verandas, located in the heart of the historic center of the old city of Limassol, in close proximity to Limassol Marina and the Mediterranean Sea.

The old city of Limassol is located right by the sea and is within walking distance of the Molos Promenade and Municipal Park. The shopping street as well as the entertainment complexes are all nearby. Due the benefit of its location, a car is hardly needed if you are one of the lucky few to secure a residence here.

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

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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