+ 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. 46374

3

Bedrooms

4

Bathrooms

155 sq.m.

Square

Parameters

Property Description

This residential development is located in the central part of Limassol in the area of Agios Nikolaos. The building comprises ten apartments with two- and three-bedroom layouts. The location is within walking distance of essential amenities such as schools, shops, and cafés, and is situated very close to Limassol Marina, providing convenient access to waterfront dining and leisure facilities. The project is positioned close to main transport routes with direct access to the highway, allowing easy travel to other cities.

The apartments are designed with modern layouts and contemporary finishes, featuring open-plan living areas, well-equipped kitchens, spacious interiors, private balconies, and good natural light. The development is integrated into an urban environment while offering a comfortable residential setting.

The main features of the project and the units:
• Ten apartments
• Two- and three-bedroom layouts
• Central location in Agios Nikolaos, Limassol
• Walking distance to schools, shops, and cafés
• Close proximity to Limassol Marina
• Direct access to the highway
• Open-plan layouts
• Contemporary finishes
• Private balconies
• Good natural light

The project has an EPC certificate with “A” energy efficiency rating.

Features

Private pool

Private pool

Storage room

Storage room

Car park

Car park

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

Similar Property

1 050 000

3 Bedrooms

158 sq.m.

+ VAT

649 000

3 Bedrooms

2 Bathrooms

158 sq.m.

+ VAT

629 000

3 Bedrooms

2 Bathrooms

159 sq.m.

+ VAT

1 150 000

3 Bedrooms

150 sq.m.

+ VAT

Features

Features

Private pool

Private pool

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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