3 bedrooms Penthouse in Limassol, Cyprus No. 52672
ID52672
$ 566 348
Property description
Reference ID: #SA34908Price details: €549,000 +VATBuilding is situated in Limassol's city center, just a 15-minute walk from the beach.The development includes one, two, and three-bedroom units, as well as stylish penthouses.This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.Market Insights:Open Market Rentals:* 1-Bedrooms: €2,000 - €2,200 per month.* 2-Bedrooms: €2,700 - €2,900 per month.* Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth.* Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.Location Benefits:* Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links.* Accessibility: Easy access to the motorway Investment Highlights:* High Demand: 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.Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.Covered area: 96 sq.m.Covered veranda: 25 sq.m.Roof garden: 36 sq.m.PLUS V.A.T
Reference number: SA34908
Property area: 121 m2
Type: Penthouse
Floor: 3rd
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Storage room, Balcony
Air conditioning: No
Energy Efficiency: N/A
Bedrooms: 3
Square meter price: €4.537 /m2
Bathrooms: 2:
Reference number: SA34908
Property area: 121 m2
Type: Penthouse
Floor: 3rd
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Storage room, Balcony
Air conditioning: No
Energy Efficiency: N/A
Bedrooms: 3
Square meter price: €4.537 /m2
Bathrooms: 2:
Limassol - Statistics
Choose a city for comparison
Compare
| 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 |
Choose a city for comparison
Compare
| 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 |
Choose a city for comparison
Compare
| 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.
Contact the seller
Limassol
Penthouse
3
121 m²
- m²
- sq. ft
$ 566 348
Price history
21.01.2025
$ 566 348
20.11.2024
$ 541 590
28.08.2024
$ 601 423
Offer your price
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.