Prime Development Plot in Neapolis, Limassol
€1,400,000
Neapolis, Limassol, Cyprus
Land
property type
4 weeks ago
listed
The Habio take
AI summaryThis 521 m² plot in Neapolis, Limassol, offers an outstanding investment opportunity with approved plans for a four-storey residential building. Located just 250 metres from the sea, it is ideally situated in one of Limassol’s most desirable neighbourhoods.
- investment
- coastal
- new build
Highlights
- 521 m² plot with planning permit
- Plans for four-storey residential building
- Includes rooftop pool and eight spacious apartments
- Just 250 metres from the sea
- Strong 140% building factor
- Eight parking spaces and storage rooms
Worth knowing
- Residential development only
- Limited to planned projects
Good fit for: Ideal for investors looking for a prime coastal development.
Lifestyle scores
- Beach
- 90
- Walkable
- 80
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 75
- Investment
- 85
- Luxury
- 70
- Value
- 65
About this place
Situated in the highly sought-after Neapolis area of Limassol, this significant 521 m² plot represents a prime investment opportunity. The property is granted a planning permit for a contemporary four-storey residential building that will comprise eight spacious double apartments of 120 m² each and features a rooftop pool, which provides a remarkable leisure area for future residents.
Additionally, the development includes eight designated parking spaces and dedicated storage rooms, ensuring practicality and convenience for occupants. This plot boasts a generous 140% building factor and 50% coverage factor, allowing for robust development potential. With its advantageous location, just 250 metres from the sea, this property is an ideal choice for investors aiming to create a top-tier coastal project in one of Limassol's most desirable areas.
Buying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
