Flat 400 м² in Limassol, Cyprus

1 762 160 $

4 405 $ /м²

4OW7N

Flat 400m² in Cyprus, Limassol. Priced at 1500000€ rent photo- #1

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Flat 400m² in Cyprus, Limassol. Priced at 1500000€ rent photo- #24

Area

400 м²

Bedrooms

Bathrooms

4 bedroom luxury apartment for sale in Limassol, Limassol area

Delivery: October 2022. * New 4-bedroom apartment located in a new building in the neighborhood of Agios Nikolaos. All amenities are nearby. The building consists of 3 apartments, one apartment per floor. Interior area: 245 sqm + veranda 125 sqm. - Photovoltaic system - Solar panels - Thermal insulation - Air conditioning - Double glazed windows - Provision for electric heating - All bedrooms are en-suite, toilet with shower, master bedroom with bath and large dressing room. - Rooftop pool with barbecue area, toilet and kitchenette. The pool will be available to all residents if rented. - Charger for electric cars. 1st floor: 2 parking spaces. 2nd floor: 2 parking spaces. 3rd floor: 4 parking spaces. Unfurnished: 4500 euros per month Furnished: €5,500 per month For sale: 3rd floor with 4 parking spaces €1,500,000 plus VAT with swimming pool.

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 762 160 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Limassol; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Limassol short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 762 160 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Limassol: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).