+ 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%

197m2 Office in Limassol, Cyprus No. 47228

197 sq.m.

Square

Parameters

Property Description

Located in the heart of Agia Zoni, Limassol, this modern business center sets a new standard for contemporary workspaces in the city. Combining elegant architecture with functionality, it is designed to meet the needs of forward-thinking companies seeking high-quality office and retail premises in a central and vibrant area.

The development features underground parking and a basement lobby, a ground floor with a shop and mezzanine, and three floors of premium offices offering flexible layouts. The top floor is dedicated to an executive office with additional space and panoramic city views. The project is currently under construction, with completion expected within two years from the start of building works.

The main features of the project and the units:
• Business center in Agia Zoni, Limassol
• Central location in the city
• Shop with mezzanine on the ground floor
• Premium office spaces on 1st to 3rd floors
• Executive office on the top floor with panoramic city views
• Underground parking and basement lobby
• Elegant modern architecture
• Flexible layouts for offices and retail units
• Available for sale as individual units or as a whole building

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

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

1 715 000

197 sq.m.

+ VAT

1 685 000

197 sq.m.

+ VAT

Verified property

195m2 Office in Limassol, Cyprus No. 55568

2 000 000

IV quarter, 1996

195 sq.m.

1 278 000

195 sq.m.

+ VAT

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