1 bedroom Apartment in Limassol, Cyprus No. 56560

Bedrooms

51 sq.m.

Square

€ 316 000

€ 6 196 / 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 modern residential complex is located in the Neapolis area of Limassol, just 500 metres from the sea and about a five-minute drive from the city centre, in a quiet and safe neighbourhood with well-developed infrastructure.

The architecture follows modern minimalism with eco-friendly elements and high-quality facade materials. The complex offers one- and two-bedroom apartments with covered verandas; the upper-floor units also feature uncovered terraces. Living areas are combined with the kitchen for a more functional space, and large windows provide natural light and city views. Every apartment comes with a storage room and an allocated parking space.

Landscaped areas and durable modern materials create a comfortable and safe living environment, making the complex an attractive choice for families, professionals and investors alike.

The main features of the project and the units:

• 500 metres from the sea
• One- and two-bedroom apartments with covered verandas
• Open-plan living areas with large windows
• Storage room and parking space for every apartment
• Landscaped grounds
• About a five-minute drive to the city centre

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

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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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