+ 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. 50182

3

Bedrooms

105 sq.m.

Square

Parameters

Property Description

This exclusive residential development consists of just eight apartments, forming a contemporary architectural composition that combines comfort, functionality and a strong sense of place. Designed for refined urban living, the project offers a carefully curated selection of residences, including one three-bedroom penthouse with a private roof garden, one two-bedroom apartment with a private roof garden, four two-bedroom apartments and two one-bedroom apartments.

Each home features a spacious open-plan living area and integrated storage solutions, complemented by high-quality kitchen and bathroom furniture. The building is distinguished by its elegant entrance, marble finishes in the lobby and façade, modern elevator and advanced security systems, creating a private and well-organised residential environment.

Located in the heart of Limassol, the development provides immediate access to the city’s cultural, business and leisure destinations. The surrounding area maintains a residential character while offering cafés, restaurants and boutique shops within walking distance, and the seafront promenade and the Old Town just a short drive away.

The main features of the project and the units:
• Eight apartments in a boutique residential building
• One three-bedroom penthouse with private roof garden
• One two-bedroom apartment with private roof garden
• Four two-bedroom apartments
• Two one-bedroom apartments
• Covered parking for each apartment
• Ground floor storage room for every unit
• Spacious open-plan living areas
• Integrated wardrobes in bedrooms
• High-quality kitchen and bathroom furniture
• Double-glazed soundproof windows
• Thermal aluminium window systems
• Air conditioning in all rooms
• Solar water heating system
• Water pressure system
• Photovoltaic system for common areas and apartments 301 & 302
• Marble cladding in the lobby and façade
• Shading louvres with Alucobond cladding
• Elegant entrance with atmospheric lighting
• Provisions for electric vehicle charging
• Video intercom with facial recognition
• Automated parking gate
• Fire safety provisions
• CCTV monitoring
• Access control system
• Pre-installed TV, telephone and internet infrastructure
• Lightning protection system
• Modern elevator
• Central location in Limassol
• Walking distance to cafés, restaurants and shops
• Short drive to the seafront promenade and the Old Town

The project has an 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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