+ 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 Duplex in Limassol, Cyprus No. 45882

3

Bedrooms

153 sq.m.

Square

Parameters

Property Description

This is a luxury residential complex in central Limassol, in a privileged and quite neighborhood of the tourist area, approximately half a kilometre from the seafront. The building reaches up to 8 storeys in height; The units wrap around a formal garden in the centre and are set within generous landscaped grounds all around. The design is influenced by elements from both the natural and man-made world. Reminiscent of a superyacht, the superstructure of each block gently terraces down from its highest point with balconies on all sides. Wide horizontal bands form continuous balustrades that wrap around the blocks at each level, emphasizing the horizontal nature of the development which stretches to over 300 linear metres in length. 

Main advantages:

• 500 meters from sandy beach and city amenities of Limassol’s tourist area
• Sea views from floors 6 & 7
• Gated compound with CCTV security
• Extended hotel-type facilities: outdoor pool, half-Olympic size indoor heated pool, SPA, concierge, play room, club house, underground parking, large outdoor gardens, gym, playground for kids
• Large balconies with private planters and green areas
• Penthouses with private pools
• Apartments with private gardens
• Spacious duplexes and triplexes serving as a good alternative to a villa
• Triplexes with private basements and lifts
• High ceilings (3.15 meters net)
• High standard finishes (parquet floors, high doors of 2.4m, security entrance doors, thermal aluminum window frames, top standard in-built furniture, sanitary ware)
• Provision for water underfloor heating and VRV air conditioning

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

Common area with pool

Common area with pool

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