+ 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. 47135

2

Bedrooms

93 sq.m.

Square

Parameters

Property Description

This contemporary four-storey residential development offers a collection of 1-, 2-, and 3-bedroom apartments, along with elegant 2-bedroom penthouses. There is also an option to combine units to create a uniquely spacious and customised penthouse suited to individual preferences. The interiors are designed with meticulous attention to detail, featuring open-plan layouts with premium Italian kitchens that create an inviting atmosphere for both everyday living and relaxed dining. Warm and comfortable living areas provide a welcoming setting to unwind at the end of the day.

The project stands out for its exceptional location, just moments from Limassol Marina and surrounded by key attractions, including the historic Limassol Castle and the vibrant venues of the old town. Daily conveniences such as shops, sports facilities, and essential services are all within easy reach, offering a lifestyle defined by comfort and practicality. Each apartment includes its own parking space and storage room, ensuring added convenience for residents.

The main features of the project and the units:
• 1-, 2-, 3-bedroom apartments and 2-bedroom penthouses
• Option to combine units into a larger penthouse
• Open-plan layouts with Italian kitchens
• Comfortable living areas
• Parking and storage for each unit
• Excellent location near Limassol Marina
• High-specification insulations
• Functional and spacious layouts
• Modern architectural planning
• High-technology lift
• Entrance and exit monitor system
• Aluminium windows with double glazing
• Anti-earthquake building structure
• Provisions for underfloor heating
• Sea and Limassol Marina – 850 m
• Gym – 190 m
• Walking alley – 200 m
• Restaurants – 350 m
• Café – 220 m
• Bar – 250 m
• Club – 400 m
• Limassol Castle – 700 m
• Fish market – 500 m
• Supermarket – 800 m
• Public transport – 600 m

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

625 000

2 Bedrooms

92 sq.m.

+ VAT

440 000

2 Bedrooms

94 sq.m.

+ VAT

430 000

2 Bedrooms

94 sq.m.

+ VAT

430 000

2 Bedrooms

94 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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