3 bedrooms Apartment in Ypsonas, Limassol, Cyprus No. 52484

Bedrooms

Bathrooms

139 sq.m.

Square

€ 350 000

€ 2 518 / 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

Located in the rapidly developing area of Ypsonas, this residential project offers apartments designed to meet modern living standards. The units are equipped with covered parking and air-conditioning in all rooms and are built with a focus on energy efficiency.

Ypsonas is situated to the west of Limassol, providing quick access to the highway and close proximity to the new port, My Mall, the casino, and major industrial areas. This makes it a practical option for professionals commuting within or outside the city, while still maintaining a calm, residential atmosphere away from central traffic.

Over the past years, the area has seen significant residential and commercial expansion. New developments have contributed to an evolving urban character, supported by municipal projects aimed at improving daily life—such as green zones, school facilities, and public infrastructure.

The neighborhood offers a family-friendly environment with nearby schools, playgrounds, parks, and everyday amenities. It also appeals to investors, as it remains more affordable than central Limassol, with increasing rental demand and stable returns.

Combining suburban comfort with urban accessibility, this location is suitable for both permanent living and long-term investment.

The main features of the project and the units:

• Covered parking
• High energy efficiency
• Air-conditioning in all rooms
• Easy access to highway and city infrastructure
• Proximity to schools, clinics, shops, and public services
• Suitable for both permanent residence and investment

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