2 bedrooms Penthouse in Agios Athanasios, Limassol, Cyprus No. 58696

Bedrooms

100 sq.m.

Square

€ 505 000

€ 5 050 / 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 upcoming residential development is located in the well-established area of Mesa Geitonia, offering convenient access to the highway and central Limassol. Designed for practical urban living, the project consists of six modern apartments — five with two bedrooms and one with three bedrooms.

Each unit features comfortable interior layouts and thoughtfully selected materials, including Italian-made kitchens and functional finishes. The building’s design balances simplicity and detail, creating a space that supports everyday life with efficiency and comfort.

Set in a quiet neighborhood with excellent connectivity, the development offers a practical choice for professionals, small families, and anyone looking for a well-located home in Limassol.

The main features of the project and the units:

• Located in Mesa Geitonia, Limassol
• 6 apartments: 5 two-bedroom and 1 three-bedroom
• Italian-made kitchens
• Comfortable interior areas
• Functional design with attention to detail
• Easy access to the highway

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