+ 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. 48753

2

Bedrooms

79 sq.m.

Square

Parameters

Property Description

Located in the central neighborhood of Petrou & Pavlou in Limassol, this newly developed residential project offers a carefully curated collection of eight apartments in a gated, low-rise building. The project is positioned just minutes from the coastline, the historic city center, and the upcoming casino resort, providing residents with immediate access to key city destinations while maintaining a sense of privacy and calm.

The development includes a diverse mix of units designed to meet the needs of modern urban living: one three-bedroom penthouse, five two-bedroom apartments, and two one-bedroom units. Each apartment has been planned with emphasis on functional layouts and efficient orientation, supporting a comfortable and well-balanced living experience.

All residences include access to private outdoor spaces such as terraces or rooftop gardens, as well as practical features like dedicated storage areas and parking. The project incorporates sustainability-focused infrastructure, including photovoltaic panels for energy production and energy-efficient construction materials to meet Class A energy certification.

Additional amenities include CCTV for enhanced security, landscaped areas, and well-integrated common spaces, offering a practical and cohesive residential setting within one of Limassol’s most sought-after city districts.

The main features of the project and the units:

• Located in Petrou & Pavlou, Limassol
• Total of 8 apartments
• 1 three-bedroom penthouse
• 5 two-bedroom apartments
• 2 one-bedroom apartments
• Gated residence
• Private terraces and roof gardens
• Dedicated storage rooms for each unit
• Covered parking
• Landscaped common areas
• CCTV surveillance
• Photovoltaic system
• 2 minutes from the sea
• 2 minutes from the old city
• 7 minutes from the new casino

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

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Features

Indoor facilities

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Storage room

Outdoor features

Car park

Car park

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