+ 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. 49401

2

Bedrooms

79 sq.m.

Square

Parameters

Property Description

A luxury residential project with modern apartments. The contemporary design, functional spaces, and use of high-quality materials offer an ideal way of living suitable for families and individuals. The project is situated in one of the most highly valued neighborhoods of Limassol, close to schools, playgrounds, hypermarkets, and more, with easy access to the city center and the highway network.

The building consists of four floors with four apartments on each floor: three with two bedrooms and one with one bedroom. Each apartment includes a covered parking space and storage.

The Project has EPC certificate with "A" Energy Efficiency Rating.

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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