3 bedrooms Penthouse in Limassol, Cyprus No. 56363

Bedrooms

147 sq.m.

Square

€ 1 200 000

€ 8 163 / 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 heart of Limassol, this residence is for those seeking a quiet area while maximizing accessibility to the city’s amenities. Its intimate size ensures a personal and welcoming atmosphere, embodying the quality of living.

Created with careful consideration for modern and functional living, the project comprises six two‑bedroom apartments and one penthouse with private roof garden, perfect for those embracing a sun‑seeking urban lifestyle.

Combining concrete and aluminum panels, the exterior captures a timeless appeal, thoughtfully crafted to elevate your living experience in one of Limassol’s most sophisticated residential areas.

The Project has EPC certificate with "A" Energy Efficiency Rating.