+ 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 Apartment in Limassol, Cyprus No. 47928

2

Bedrooms

2

Bathrooms

85 sq.m.

Square

Parameters

Property Description

This residential development consists of six two-bedroom, two-bathroom apartments and 4-bedroom penthouse located in the Columbia Germasoya area of Limassol. The project is situated within close proximity to a variety of amenities, including a sports centre, gymnasium, shops, restaurants, and children’s play areas, with Sklavenitis supermarket just 500 meters away. Each apartment is designed for comfort and functionality, featuring modern layouts and spacious terraces that provide views of the surrounding area.

The main features of the project and the units:

• Italian kitchens with marble countertops
• Covered, secure, private parking
• Underfloor heating by DEVI Denmark
• CCTV in all common areas
• Private storage room
• Fully landscaped garden areas
• Video phone entry system
• Solar panel water heating
• Sanitary ware by Roca, Spain
• Pipe-in-pipe plumbing system
• Mixers & taps by Grohe, Germany

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

485 000

2 Bedrooms

85 sq.m.

+ VAT

485 000

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85 sq.m.

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Verified property

2 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 54284

485 000

2 Bedrooms

2 Bathrooms

IV quarter, 2025

85 sq.m.

+ VAT

485 000

2 Bedrooms

85 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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