2 bedrooms Apartment in Limassol, Cyprus No. 40714
ID40714
$ 2 088 601
Property description
Reference ID: #16284Price details: €2,000,000 +VATTwo bedroom apartment in an exclusive complex situated right on the beachfront of Limassol city. Each apartment of the complex reflects luxurious design, stylish decoration, equipped with air conditioning and underfloor heating system, fully automated "Smart Home" system and satellite antenna.Introducing new standards of luxury beyond anything previously experienced in Cyprus, Olympic Residence is a unique and elegantly designed Residential Club on a Prime Beach Front Location in Limassol, consisting of two soaring towers of impressive architectural design and construction based on the most stringent European standards and advanced engineering, with breathtaking views to the whole of Limassol coast.Olympic Residence is highly developed offering everything you can imagine to make life a luxurious experience.Five star hotel facilities including swimming pools and Hydro massage, a tennis court, a country club, a spectacular spa including a classic Roman bath, a contemporary designed gym, a beauty salon, around the clock front desk officer, an advanced property management handling all matters of maintenance, security and services and a range of other exclusive facilities and offerings that make an ideal combination of comfort efficiency and design.Reference number: 16284
Property area: 106 m2
Type: Apartment
Parking: No
Condition: Brand new
Furnishing: Unfurnished
Included: Pool
Air conditioning: Full, all rooms
Energy Efficiency: N/A
Bedrooms: 2
Square meter price: €18.868 /m2
Bathrooms: 2:
Limassol - Statistics
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| Parameters | Limassol |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 1 440.59 |
| Apartment (1 bedroom) Outside of Centre | $ 1 119.42 |
| Apartment (3 bedrooms) in City Centre | $ 2 489.79 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 927.77 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 4 976.15 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 4 292.75 |
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| Parameters | Limassol |
|---|---|
| Crime Index | 39.11 |
| Cost of Living and Rent Index | 44.56 |
| Purchasing Power Index | 105.96 |
| Property Price to Income Ratio | 9.28 |
| Safety Index | 60.89 |
| Traffic CO₂ Index | 3692.24 |
| Traffic Inefficiency Index | 100.97 |
| Rent Index | 33.15 |
| Health Care Index | 51.26 |
| Groceries Index | 48.75 |
| Pollution Index | 59.72 |
| Traffic Commute Time Index | 21.38 |
| Restaurant Price Index | 59.11 |
| Climate Index | 95.74 |
| Cost of Living Index | 53.72 |
| Quality of Life Index | 160.09 |
| Traffic Index | 96.82 |
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| Parameters | Limassol |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 20.61 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 72.12 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.24 |
| Domestic Beer (0.5 liter draught) | $ 4.12 |
| Imported Beer (0.33 liter bottle) | $ 5.15 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.22 |
| Water (0.33 liter bottle) | $ 0.94 |
| Cappuccino (regular) | $ 3.92 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.81 |
| Loaf of Fresh White Bread (500g) | $ 2.06 |
| Eggs (regular) (12) | $ 3.87 |
| Local Cheese (1kg) | $ 12.51 |
| Water (1.5 liter bottle) | $ 1.01 |
| Bottle of Wine (Mid-Range) | $ 7.21 |
| Domestic Beer (0.5 liter bottle) | $ 1.65 |
| Imported Beer (0.33 liter bottle) | $ 2.79 |
| Cigarettes 20 Pack (Marlboro) | $ 5.15 |
| Apples (1kg) | $ 2.69 |
| Chicken Fillets (1kg) | $ 8.44 |
| Oranges (1kg) | $ 2.07 |
| Potato (1kg) | $ 1.41 |
| Lettuce (1 head) | $ 1.10 |
| Rice (white), (1kg) | $ 2.75 |
| Tomato (1kg) | $ 3.15 |
| Banana (1kg) | $ 1.99 |
| Onion (1kg) | $ 1.44 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.85 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.06 |
| Monthly Pass (Regular Price) | $ 41.21 |
| Gasoline (1 liter) | $ 1.46 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 24 726.23 |
| Taxi Start (Normal Tariff) | $ 6.18 |
| Taxi 1km (Normal Tariff) | $ 1.44 |
| Taxi 1hour Waiting (Normal Tariff) | $ 30.91 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 27 178.25 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 190.16 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 33.73 |
| $ 22.22 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 2 496.03 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.41 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 76.91 |
| Tennis Court Rent (1 Hour on Weekend) | $ 29.28 |
| Cinema, International Release, 1 Seat | $ 10.30 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 88.97 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 53.09 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 103.46 |
| 1 Pair of Men Leather Business Shoes | $ 129.41 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 530.39 |
| International Primary School, Yearly for 1 Child | $ 8 565.87 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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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.