2 bedrooms Apartment in Limassol, Cyprus No. 51888

Bedrooms

84 sq.m.

Square

€ 420 000

€ 5 000 / sqm

+ 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%

Parameters

Property Description

This boutique residential complex occupies a quiet yet well-connected location in the heart of Limassol, offering a rare combination of classical architectural language and contemporary interior refinement. The building's elegant façade — defined by structured cornices, deep-set verandas, and carefully considered proportions — creates a strong and distinguished presence in the neighbourhood.

The development comprises twenty two-bedroom apartments spread across four floors, with five units per level. Net living areas range from approximately 80 to 84 m², complemented by covered verandas of up to 27 m² — generous outdoor spaces that extend the living area and invite natural light deep into the interiors. Each apartment includes a private storage room. The interiors are finished to a premium standard, with high-quality materials used throughout the living, dining, kitchen, and bathroom areas.

Residents benefit from access to a shared swimming pool set within the landscaped communal grounds — a feature that gives the complex the feel of a private retreat despite its central urban setting. The location keeps daily life effortlessly convenient: the full range of Limassol's amenities, schools, and road connections are all within easy reach, making this an equally strong proposition for families and investors alike.

The main features of the project and the units:

• 4-storey residential building
• 20 two-bedroom apartments across 4 floors (5 units per floor)
• Net living area from 80 to 84 m²
• Covered verandas up to 27 m²
• Private storage room included with each unit
• Shared swimming pool within landscaped communal grounds
• Premium interior finishes throughout
• Classical architectural design with structured façade
• Quiet central location in Limassol

The project has an EPC certificate with "A" energy efficiency rating.