2 bedrooms Penthouse in Apostolos Andreas, Limassol, Cyprus No. 58297

Bedrooms

90 sq.m.

Square

€ 460 000

€ 5 111 / 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

A boutique residential development offering two-bedroom apartments in a peaceful, green corner of central Limassol, next to a linear river park stretching toward the Old Port and Marina. The setting combines a quiet, leafy neighbourhood with easy access to walking paths, dedicated cycle lanes, children's playgrounds, and outdoor exercise areas - all within walking distance of everyday amenities.

Each apartment features large balconies with unobstructed views, high-standard kitchens, thermal double-glazed windows, electric shutters, and a building-wide thermal insulation system. Photovoltaics are installed for both private and communal areas, while fireproof entrance doors, smart-home systems, video door entry, and provisions for electric car chargers add an extra layer of comfort and security.

Every apartment includes its own parking space and storage room, making this an ideal choice for those seeking a refined, low-maintenance lifestyle in one of Limassol's most desirable green locations.

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