2 bedrooms Penthouse in Limassol, Cyprus No. 58667

2

Bedrooms

82 sq.m.

Square

+ 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 private three-storey residential development of seven residences in Panthea, one of the most established residential neighbourhoods of Limassol, known for its quiet streets and elevated outlook over the city. One- and two-bedroom apartments occupy the first and second floors, while the top floor holds two penthouses, each with a private roof garden and a covered roof garden room. Most residences look out to the sea. Covered ground-level parking provides a dedicated space for every residence, with an accessible space beside the lift and staircase core, and every apartment comes with a storage room.

Everything needed day to day is close at hand: supermarkets and bakeries are a few minutes away on foot, the hospital and private schools about two kilometres away, and highway access two and a half kilometres away links the development to the city centre and beyond. Dasoudi beach is about five kilometres away and Limassol Marina about five and a half.

The main features of the project and the units:

• Sea views from most residences
• Photovoltaic panels for every apartment
• Cooling and heating systems installed in every residence
• High ceilings
• Smart-home ready technology provisions
• Electric vehicle charging infrastructure
• Covered parking space and storage room with every residence
• Accessible parking space beside the lift and staircase core
• Two top-floor penthouses with a private roof garden and a covered roof garden room
• Premium materials and finishes

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

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 4 952

Price per sq.m.

158

Quality of Life Index

66

Cost of Living Index

Choose a city for comparison

Parameters

Limassol

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 481

Apartment (1 bedroom) Outside of Centre

€ 1 244

Apartment (3 bedrooms) in City Centre

€ 2 378

Apartment (3 bedrooms) Outside of Centre

€ 1 882

Buy Apartment Price

Price per square metre in the city centre

€ 4 952

Price per square metre outside the city centre

€ 3 672

Similar Property

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82 sq.m.

+ VAT

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+ VAT

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2 Bedrooms

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435 000

2 Bedrooms

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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