+ 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. 47239

3

Bedrooms

2

Bathrooms

107 sq.m.

Square

Parameters

Property Description

An exclusive four-storey residential building of 19 luxury apartments with 1, 2 and 3-bedroom layouts, designed for comfort, style and effortless living. Ideally placed within walking distance of the beach and the prestigious marina, it offers direct access to the city's finest lifestyle amenities — superyacht facilities and sandy shores, city hotels, gyms, parks, top schools and vibrant nightlife. Each apartment features contemporary design, high-quality finishes and thoughtful layouts, with underfloor heating for year-round comfort, suiting both homeowners and investors seeking a high-demand location. About 1 km from the centre of Limassol and 800 m from the marina, it blends luxury, convenience and coastal living, with sea views and 24-hour security.

The main features of the project and the units:

• Underfloor heating
• Sea view
• 800 m from the marina
• About 1 km from the centre of Limassol
• Walking distance to the beach
• Close to hotels, gyms, parks and top schools
• 24-hour security
• Use of alternative energy sources
• Four-storey building, 19 apartments (1, 2 & 3 bedrooms)

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

Features

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

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Features

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