2 bedrooms Apartment in Limassol, Cyprus No. 58082

Bedrooms

61 sq.m.

Square

€ 370 000

€ 6 066 / 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 development in walking distance to the beach, includes studios and 2 bedroom apartments and exclusive roof gardens offering city views. This prime location supports high demand for short and long term rentals with strong potential for capital appreciation.

Open Market Rentals:

• Studios: Projected rental rates based on market trends.
• Rental Growth: The area has experienced a 45%+ increase in rental rates over the past three years, indicating robust market trends for continued growth.
• Value Appreciation: Neapolis is a thriving neighborhood with significant potential for property value appreciation.

Investment Highlights:

• High Demand: The central location ensures high demand for both long-term and short-term rentals.
• Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.

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

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

2 Bedrooms

61 sq.m.

+ VAT

Verified property

2 Bedrooms

1 Floor

61 sq.m.

2 Bedrooms

61 sq.m.

+ VAT

Verified property

2 Bedrooms

1 Bathrooms

IV quarter, 1992

60 sq.m.