+ 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. 45128

3

Bedrooms

112 sq.m.

Square

Parameters

Property Description

With the most comfortable location, the project makes an elegant option for those who seek to live close to everything. Walking distance to the restaurants, bars, shops, banks, supermarkets, schools.

PROJECT CHARACTERISTICS:
- 3-story building
- One 3-bedroom apartment on the 1st floor
- One 3-bedroom apartment on the 2nd floor
- One 3-bedroom Penthouse with roof garden (54 sq.m.)
- Cozy and spacious verandas
- Covered parking and storage spaces for each apartment
- Kitchen and wardrobe furniture from Italy
- Air conditioners in every room
- Solar panel for water heating
- Possibility for purchasing the whole building

The Project has EPC certificate with "B" 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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Features

Indoor facilities

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