+ 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. 49493

3

Bedrooms

120 sq.m.

Square

Parameters

Property Description

The complex is located in the popular tourist area of Neapolis - the city center with all kinds of entertainment and beautiful sandy beaches within walking distance. It is conveniently located to the airport, which is a 40 minute drive.

A six-story high-tech building with a private pool and sunbeds. There are 6 apartments in total - 3 bedrooms and 2 penthouses with 3 bedrooms and a rooftop sitting area. The complex has a swimming pool, sauna, gym, sunbathing area, 200 meters from the sea.

The main features of the project and apartments:

• Photovoltaic
• Hi-tech style
• Private pool 10,50*4,00; small GYM; sauna
• Small playground
• Roof garden & BBQ area & Jacuzzi for penthouses
• Private storage room in the underground parking
• Private gated underground parking
• Thermally insulating polystyrene all the shape of building
• Water underfloor heating in all rooms
• Air conditioners in all rooms
• Smart intercom system
• CCTV camera
• 300 meters to the sea

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

Features

Storage room

Storage room

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

Storage room

Storage room

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