+ 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 Apartment in Limassol, Cyprus No. 50257

3

Bedrooms

120 sq.m.

Square

Parameters

Property Description

Positioned as Europe's New Riviera, this seafront residential and office development offers a serviced lifestyle of comfort and convenience. The project is 500 meters from the Limassol Marina, in the heart of Limassol’s vibrant downtown and surrounded by investments. The sunfilled, south facing elevated podium and linear gardens provide an oasis of calm with direct infinity views of the Mediterranean. The residential towers rising above the podium, allow the residences the finest city and sea views from the verandas that merge with the interior areas. Services and facilities include: outdoor swimming pool, indoor (heated) pool, spa, gym, bistro and restaurant, 24h concierge services, housekeeping, property and rental management services will cater for every need.

The Project has EPC certificate with "B" 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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