+ 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 Apartment in Limassol, Cyprus No. 46234

3

Bedrooms

100 sq.m.

Square

Parameters

Property Description

This residential development comprises seven apartments ideally positioned between the Mesa Geitonia and Ayia Fyla roundabouts, providing excellent connectivity to the city centre, the seafront and the highway. The project features a selection of one-, two- and three-bedroom residences designed with efficient open-plan layouts and generous verandas, creating comfortable indoor and outdoor living spaces.

Selected ground-floor units benefit from private green areas, while the top-floor apartments enjoy uninterrupted city views and partial views of the sea. The penthouses offer private roof gardens with jacuzzi and barbecue provisions, enhancing the outdoor lifestyle and making them ideal for relaxation and entertaining.

The area is a well-established residential neighbourhood with elevated positioning and direct access to all essential amenities, including schools, supermarkets, pharmacies and fuel stations, all located within a few minutes.

The main features of the project and the units:
• Development of seven apartments
• One-, two- and three-bedroom units
• Efficient open-plan layouts
• Generous verandas
• Selected apartments with private green areas
• Top-floor apartments with uninterrupted city views
• Partial sea views from upper levels
• Penthouses with private roof gardens
• Jacuzzi provision
• Barbecue provision
• Located between Mesa Geitonia and Ayia Fyla roundabouts
• Quick access to the city centre, seafront and highway
• Close to schools, supermarkets, pharmacies and fuel stations

The project has an EPC certificate with “A” 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

Storage room

Storage room

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