+ 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. 49124

3

Bedrooms

3

Bathrooms

106 sq.m.

Square

Parameters

Property Description

The project consists of two blocks, offering a total of 17 apartments designed to balance functionality and comfort. Block A features eight units: two 1-bedroom apartments and one 2-bedroom apartment on each of the first two floors, with the third floor comprising one 2-bedroom and one 3-bedroom apartment, both with roof gardens. Block B offers nine units: two 1-bedroom apartments and one 2-bedroom apartment per floor, with the third-floor units including roof gardens.

The development incorporates bioclimatic architectural principles, achieving Class A Energy Performance and ensuring durability and sustainability. Centrally located in a quiet neighborhood near the City of Dreams Mediterranean Resort & Casino, it provides easy access to major roads, amenities within 200 meters, and urban conveniences.

The main features of the project and the units:

• Two blocks with 17 apartments in total
• Block A: 8 apartments (1-bedroom, 2-bedroom, and 3-bedroom units with roof gardens)
• Block B: 9 apartments (1-bedroom and 2-bedroom units with roof gardens)
• Bioclimatic architectural design
• Located near the City of Dreams Mediterranean Resort & Casino
• 200 meters from essential amenities
• Easy access to major roads and the motorway

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

470 000

3 Bedrooms

3 Bathrooms

106 sq.m.

+ VAT

Verified property

3 bedrooms Penthouse in Mesa Geitonia, Limassol, Cyprus No. 53516

520 000

3 Bedrooms

2 Bathrooms

106 sq.m.

+ VAT

550 000

3 Bedrooms

106 sq.m.

+ VAT

599 500

3 Bedrooms

106 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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