+ 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. 48671

2

Bedrooms

1

Bathrooms

83 sq.m.

Square

Parameters

Property Description

This boutique development features just three modern apartments designed to meet high standards of comfort and functionality. Located in a central urban setting, the project offers close proximity to essential services, including retail outlets, dining options, and everyday conveniences.

Each unit has been laid out to optimize space and light, with open-plan living areas, large windows, and practical layouts. The interiors combine modern aesthetics with practical living, featuring high ceilings and carefully selected materials and finishes.

Apartment 101 is a two-bedroom, one-bathroom home with 83.3 square meters of internal space, complemented by 29.8 square meters of covered veranda and 5.5 square meters of uncovered veranda. It includes a dedicated parking space and a storage unit.

Apartment 201 also features two bedrooms and one bathroom, with identical indoor and covered veranda areas, along with allocated parking and storage.

This development is suited for those seeking a well-connected urban residence with efficient design and practical living features.

The main features of the project and the units:

• Boutique building with only 3 units
• Two-bedroom, one-bathroom apartments
• One parking space and one storage unit per apartment
• High ceilings and open-plan layouts
• Large windows for natural light
• Located in a central urban area with nearby amenities

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

630 000

2 Bedrooms

83 sq.m.

+ VAT

640 000

2 Bedrooms

1 Bathrooms

83 sq.m.

+ VAT

623 558

2 Bedrooms

83 sq.m.

+ VAT

650 000

2 Bedrooms

83 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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