1 bedroom Apartment in Parekklisia, Limassol, Cyprus No. 54962

Bedrooms

Bathrooms

51 sq.m.

Square

€ 230 000

€ 4 510 / 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 contemporary low-rise development offers eighteen one- and two-bedroom apartments in one of the most desirable residential pockets of the Limassol district. Set on a generous 1,728 m² plot in Parekklisia, the residence combines a calm, established neighbourhood with quick access to the coast — the area’s Blue Flag beach is just a seven-minute drive away, while the city of Limassol is only a short distance away.

The building rises across two residential floors above a covered ground-level parking podium, so every home comes with its own dedicated covered parking space and a private storage room. Generous covered verandas extend the interiors outdoors and frame the surrounding views, while the upper-floor apartments are crowned with private roof gardens of up to 33 m² — a second open-air living space high above the neighbourhood.

With its intimate scale, quiet setting and easy reach of both the sea and the city, this is a development created for relaxed, comfortable living close to everything the Limassol coast has to offer.

The main features of the project and the units:

• 18 one- and two-bedroom apartments
• Two residential floors above covered ground-floor parking
• Covered verandas
• Private roof gardens for the upper-floor apartments
• Private storage room for each apartment
• One covered parking space for each apartment
• Plot area of 1,728 m²
• Prime location in Parekklisia, Limassol
• Seven-minute drive to a Blue Flag beach

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