€ 280 000

€ 5 833 / sqm

+ 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%

1 bedroom Apartment in Limassol, Cyprus No. 47864

Bedrooms

48 sq.m.

Square

Parameters

Property Description

Residential development is located in the center of Limassol, just minutes from the Old Town, Limassol Marina, and major business and shopping districts. The project consists of seven units across three floors, including one-bedroom apartments and a three-bedroom penthouse. Each residence is designed with functional layouts, spacious covered balconies, and high-quality materials. Residents benefit from covered parking, modern provisions for air conditioning and heating, as well as photovoltaic and solar systems. The location combines direct access to schools, universities, workplaces, and leisure facilities, making it suitable for both living and investment.

The main features of the project and the units:
• 7 residential units
• One-bedroom apartments
• Three-bedroom penthouse
• Three-story building
• Covered parking
• Spacious covered balconies
• Provisions for air conditioning and heating
• Photovoltaic system
• Solar panels
• Located in the city center of Limassol

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

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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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1 Bedrooms

48 sq.m.

+ VAT

1 bedroom Apartment in Asomatos, Limassol, Cyprus No. 45348

1 Bedrooms

48 sq.m.

+ VAT

1 bedroom Apartment in Asomatos, Limassol, Cyprus No. 45350

1 Bedrooms

48 sq.m.

+ VAT

1 bedroom Apartment in Limassol, Cyprus No. 47865

1 Bedrooms

48 sq.m.

+ VAT