+ 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. 48564

3

Bedrooms

120 sq.m.

Square

Parameters

Property Description

Located in the hills of Agia Fyla, this residential development offers a limited collection of just five apartments, providing privacy and panoramic views over Limassol and the sea. Situated at the end of a quiet cul-de-sac, the project includes two-bedroom units and a spacious penthouse with a total area of 300 m².

Designed with an emphasis on comfort and functional living, the building features modern architecture and high-quality finishes. The elevated location ensures open, uninterrupted views, while the low-density layout contributes to a more peaceful living environment.

The main features of the project and the units:

• Located in Agia Fyla hills
• 5-unit residential building
• Options for 2-bedroom apartments and a 300 m² penthouse
• Positioned on a dead-end road
• Panoramic views of Limassol and the sea
• Modern architecture and high-quality materials

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

Features

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

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Features

Outdoor features

Car park

Car park

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