+ 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 Penthouse in Limassol, Cyprus No. 46710

2

Bedrooms

3

Bathrooms

95 sq.m.

Square

Parameters

Property Description

This low-volume residential development offers a limited collection of six modern apartments designed for comfortable and quiet urban living. The building is positioned on an elevated plot, allowing unobstructed south-facing views over the city of Limassol with the Mediterranean Sea visible on the horizon. The project is created to provide a sense of privacy and exclusivity within a well-established residential environment.

Each apartment features a spacious floor plan designed to maximise natural light throughout the interiors. All residences include large private verandas, offering open views and extended outdoor living space. Covered parking spaces and individual storage rooms are provided at ground level, adding practicality to everyday living. The building is arranged over three floors and is designed with attention to functionality, accessibility, and contemporary residential needs.

The location benefits from existing residential infrastructure and is surrounded mainly by low-rise housing. Everyday amenities such as schools, supermarkets, and pharmacies are located within a short distance, while convenient access to the main highway ensures easy connections to Nicosia, Paphos, and Larnaca. The project is suitable for permanent residence as well as a solid investment option in a popular area of Limassol.

The main features of the project and the units:
• Limited collection of six apartments
• Three-storey apartment building
• Two-bedroom apartments
• Two- or three-bathroom layouts
• South-facing orientation
• Panoramic city and sea views
• Spacious private covered verandas
• Covered parking spaces for one or two cars
• Private storage rooms at ground level
• Lift access
• Wheelchair accessibility
• Gated entrance for residents and parking
• Common garden area
• Provision for common area CCTV
• Common photovoltaic system

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

Features

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

509 250

2 Bedrooms

3 Bathrooms

95 sq.m.

+ VAT

370 000

2 Bedrooms

95 sq.m.

+ VAT

Verified property

2 bedrooms Penthouse in Limassol, Cyprus No. 19140

710 000

2 Bedrooms

2 Bathrooms

IV quarter, 2020

95 sq.m.

+ VAT

440 000

2 Bedrooms

94 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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