+ 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. 47983

3

Bedrooms

105 sq.m.

Square

Parameters

Property Description

This residential complex in the Linopetra area of Limassol consists of five housing units with layouts ranging from 1 to 3 bedrooms. The open-plan living areas are connected to large covered balconies, offering views of the sea. The project is located just a few meters from one of the main roads in Limassol and within walking distance to the coastline, providing easy access to urban amenities and the beach.

The main features of the project and the units:

• Five housing units
• 1-3 bedroom layouts
• Open-plan living areas
• Large covered balconies
• Sea views
• Provisions for electric car chargers
• Solar panels for all units
• Structured cabling CAT6 in all rooms
• TV plugs in all rooms
• Remote-controlled gated entrance with video access

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

Features

Storage room

Storage room

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

Indoor facilities

Storage room

Storage room

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