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Property of the Month

3 Bedrooms Apartment

Price:   € 80,000

Type:   Apartment

Location:   Limassol



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Weather in Limassol
08/02/2016
Min:8°C (46°F)
Max:17°C (63°F)
09/02/2016
Min:8°C (46°F)
Max:17°C (63°F)
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Price:   € 285,000 Currency converter
District:   Limassol
Type:   Houses
Bedrooms:   4

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Price:   € 1,500,000 Currency converter
District:   Limassol
Type:   Apartments
Bedrooms:   3

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Price:   € 1,850,000 Currency converter
District:   Limassol
Type:   Apartments
Bedrooms:   4

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Price:   € 420,000 Currency converter
District:   Limassol
Type:   Houses
Bedrooms:   4

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Price:   € 395,000 Currency converter
District:   Limassol
Type:   Houses
Bedrooms:   3

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Price:   € 1,800,000 Currency converter
District:   Limassol
Type:   Luxury Villas
Bedrooms:   5

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Price:   € 160,000 Currency converter
District:   Limassol
Type:   Apartments
Bedrooms:   3

Latest News In Cyprus

Reduce VAT for home relations

Cyprus goverment plans to lower the VAT for all home renovations from 19% to 5%. The reduce rate of VAT will apply to all housing units, and not only on primary recidences. This will benefit vulnerable consumer groups and residents of remote communities when repairing their homes. The proposal is expected to be ratified at the next meeting of the cabinet.

Connecting Harbor to Motorway

The constractions for connecting the harbor with the highway are on the final stages. This construction will solve the problem that the town of Limassol faces with trafic. It will aslo be a solution for the floods that the western areas of the city face every year. Multiple offers from contractors have been placed to the Department of Works, and they are being examined. The construction is expected to start with the new year, and it will take up to fifteen months for its completion. The costs have been calculated to 10 millions, and the funds will be granted from the Cohesion Fund of the European Union.  

Growing Rates of the Economy

Growth of the economy in the 3rd quarter of 2015. According to data releases the growth rate is estimated to 2.2%. The data, is according to the preliminary estimate of the Ministry of Finance on November 13. In comparison. In comparison to the second quarter the growth was 0.4%. There have been positive growth rates in the fields of Manufacturing, Construction Retail and Wholesale, Hotels and Restaurants and Financial Intermediaries. After 14 consecutive quarters of negative growth the Cypriot economy is slowly coming out of the deep recession. 

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Vilanos Real Estate Agents Ltd Registered & Licensed Real Estate Company Reg. No. 525 Lic. No. 40E
Limassol Head Office: 275 Agias Phylaxeos 3116, P.O.Box 56583, 3308 Limassol, Cyprus
00357 25 77 11 88 00357 25773366 info@vilanosproperties.com
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