+ 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. 48556

3

Bedrooms

112 sq.m.

Square

Parameters

Property Description

Located in the quiet residential area of Linopetra, this new development offers a limited selection of thoughtfully designed apartments with sea views. The project is situated in an elevated position, providing residents with a peaceful setting while remaining close to urban conveniences.

Each apartment is planned to balance functionality and comfort, featuring open interiors and large windows to maximize natural light. The building is designed with privacy and practicality in mind, making it suitable for both permanent living and investment purposes.

The development also includes dedicated covered parking for residents, while the overall design ensures that the building fits harmoniously into the surrounding environment. High-quality materials and finishes are used throughout, supporting long-term value and ease of maintenance.

This project presents an opportunity for comfortable living in one of Limassol’s established residential neighborhoods, with easy access to amenities and coastal areas.

The main features of the project and the units:

• Located in Linopetra, Limassol
• Sea views
• Quiet residential setting
• Modern architectural design
• Spacious interiors with natural light
• Covered parking
• Suitable for residential or investment use
• Easy access to amenities and coastal roads
• High-quality materials and finishes

Energy efficiency rating “A” (EPC certificate)

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

Verified property

3 bedrooms Penthouse in Agios Athanasios, Limassol, Cyprus No. 55340

680 000

3 Bedrooms

2 Bathrooms

IV quarter, 2025

112 sq.m.

+ VAT

Verified property

3 bedrooms Penthouse in Limassol, Cyprus No. 6909

675 000

3 Bedrooms

3 Bathrooms

IV quarter, 2010

112 sq.m.

690 000

3 Bedrooms

112 sq.m.

+ VAT

Verified property

3 bedrooms Penthouse in Limassol, Cyprus No. 36115

640 000

3 Bedrooms

2 Bathrooms

6 Floor

IV quarter, 2023

112 sq.m.

This website uses cookies to help provide you with the best experience we can. These cookies are used to collect information about how you interact with our website and allow us to remember you. By using this website you agree to the use of cookies for analytics and personalized uses.

Learn more