+ 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. 47761

3

Bedrooms

158 sq.m.

Square

Parameters

Property Description

3-bedroom penthouse with private roof terrace in Neapoli, Limassol

A modern residential complex located in one of the quietest areas of Neapoli, Limassol, just 500 meters from the beach and five minutes from the city centre. The property consists of two independent four-storey buildings with ground-floor parking and storage rooms, offering residents comfort, privacy, and a high standard of living.

The fourth floor features two elegant 3-bedroom penthouses with private roof terraces. Each apartment offers spacious interiors of approximately 158 sq.m, complemented by covered and open verandas of about 118 sq.m. Designed with quality materials and attention to detail, the residences provide functional layouts and well-planned amenities for modern living.

The main features of the project and the units:
• Two four-storey buildings with ground-floor parking and storage rooms
• Eleven apartments in each building
• 3-bedroom penthouses on the 4th floor with private roof terraces
• Roof terrace with barbeque area, toilet, and storage room
• Separate kitchen, dining room, and living room
• Main bedroom with en-suite bathroom and wardrobe
• Guest toilet and family bathroom
• Two covered parking spaces
• Thermal aluminum doors and windows with double glazing
• Exterior insulation cladding and thermal roof protection
• CCTV cameras on the ground floor
• Remote-controlled entrance gates
• VRV air conditioning system installation
• Solar panels for hot water
• Provision for security alarm system
• Electric shutters in all bedrooms
• High-quality woodwork, ceramics, and sanitary ware

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

649 000

3 Bedrooms

2 Bathrooms

158 sq.m.

+ VAT

629 000

3 Bedrooms

2 Bathrooms

159 sq.m.

+ VAT

1 850 000

3 Bedrooms

4 Bathrooms

155 sq.m.

+ VAT

1 900 000

3 Bedrooms

162 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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