Limassol is a dynamic and fast-growing city in Cyprus, known for its beaches, modern business centres and high property market activity. In this blog, we take a look at what apartments are currently available in Limassol for under €250,000, from modern new builds to ready-made options in areas with convenient infrastructure and growing potential.
Apartments in Limassol under €250,000: from modern new builds to ready-to-move-in options
From compact studios to more spacious options, Limassol today offers a variety of housing options within this budget. These options cover neighbourhoods with varying degrees of accessibility, proximity to the sea and other amenities. In general, the city is considered relatively expensive, so the actual budget options can be counted on your fingers. However, they do exist and new ones appear regularly, so keep your ears open. It should be noted that the tax on the purchase of new buildings in Cyprus is the standard 19%, but under certain conditions, if you are buying a property for yourself, the amount of tax can be reduced to 5%. If you are buying a second home, you will have to pay a property registration tax, which depends not only on the cost of the property, but also on the number of owners, and is on average 2%.
1. 1-bedroom apartment in Trachoni - an affordable option in a quiet area.
Surface area: 51 m2 living area, 61 m2 total area.
Cost: 162 thousand euros + VAT
This new building in the Trachoni area is located in a closed complex with mountain views. The apartment has a comfortable veranda, a parking space and a storage room. It has been designed with energy efficiency class A in mind and will be fitted with built-in furniture as well as air conditioning - in the budget options, the owners will install the appliances themselves. Thanks to its moderate price, this apartment is suitable for both living and investment.
The village of Trachoni, just 8 kilometres south-west of the city, is known for its historical heritage and green spaces, including vineyards and orchards. Much of the area is within the British military base of Akrotiri.
2. 1 bedroom apartment in Zakaki - close to the harbour and the city centre
Area: 62 m2 living and total
Cost: 178 thousand euros + VAT
Located in a promising young area of Zakaki, the apartment is on the ground floor of a complex under construction. The area is undergoing active development and is attracting the attention of investors due to its proximity to the port, the shopping centre, the new casino and the central part of Limassol. Each apartment has a parking space and a storage room, and convenient access to highways and city infrastructure makes it suitable for rental.
3. 1 bedroom apartment in Ipsonas - quiet area with sea and mountain views
Surface area: 51 m2 living area, 74 m2 total.
Price: 185 thousand euros + VAT
Located in Ipsonas, this apartment is part of a new development of 11 apartments. It has photovoltaic panels to save on electricity, while the Italian kitchen and spacious interiors add to the comfort. The unique elevated location offers panoramic views of the sea and mountains. The property is suitable for those who appreciate energy efficient solutions and a relaxed lifestyle.
Ipsonas is a suburb of Limassol and an independent municipality since 2012, located 7 kilometres west of the city. The area is characterised by active industrial and economic development and has its own schools, parks and significant cultural facilities.
4. 2 Bedroom Flat in Kapsalos Area - Fully Furnished
Area: 72 m2 living and total
Cost: 210 thousand euros
This apartment in the Kapsalos area has been recently renovated and is ready for immediate occupation. It is being sold furnished, with white goods and air conditioning for heating and cooling. There are supermarkets and other amenities within walking distance, making it convenient for families. The lack of lift and balcony is compensated by the good location and the well thought out layout.
5. New 2 bedroom apartment in Kato Polemidia - spacious and energy efficient
Surface area: 79 m2 living area, 98 m2 total area.
Price: 270 thousand euros + VAT
This apartment in a new development in Kato Polemidia offers a spacious and bright apartment with two bathrooms and large windows. There is only one apartment on each floor, creating an atmosphere of privacy. The complex is equipped with photovoltaic panels, air conditioning and electric car charging, making it particularly suitable for today's environmentally conscious buyer.
Kato Polemidia is a suburb to the north-west of Limassol and has been an independent municipality since 1986. The area is renowned for its historical heritage, proximity to the city's main roads and convenient infrastructure, making it an attractive place to live. The population is over 22 thousand.
Limassol: a city of opportunity and business
Limassol is not only a resort centre, but also a powerful business capital of Cyprus. The offices of major international companies are located here, maintaining a steady demand for rental properties and increasing the attractiveness for investors. This demand is particularly high in areas with developed infrastructure, such as Zakaki and Kato Polemidia, where many modern residential complexes have been built in recent years. The city also offers cultural events and a variety of leisure activities throughout the year, from beach clubs to theatre festivals. This creates a pleasant environment for living and active holidays, making Limassol an ideal choice for those looking for a stable and profitable investment.
Education in Limassol
As a major city in Cyprus, Limassol offers excellent educational opportunities, making it attractive to families with children. It is home to both state and private schools, including international schools such as Foley's School and American Academy, which offer English language education and follow international educational standards. Limassol also offers access to additional clubs and courses, from language schools to sports clubs, allowing children and teenagers to develop in a variety of ways. The availability of such educational facilities increases the demand for rental properties and makes Limassol an attractive destination for families planning a long-term stay in Cyprus.
Buying an apartment in Limassol for less than €250,000 is a good choice for both personal residence and investment. New buildings, such as those in Trachoni and Ipsonas, offer modern technology and comfortable conditions, and will definitely increase in price in the future, but you will have to wait for their completion. Prefabricated apartments, such as those in Kapsalos, allow you to appreciate the benefits of living in Limassol immediately. With stable demand and infrastructure development, the city remains an attractive choice for long-term investment and comfortable living.
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