Property types
Three bedroom apartments for sale in Limassol
Three bedroom apartments occupy the upper end of the standard apartment range in Limassol, typically between 110 m² and 150 m² internally, and are built in materially smaller numbers than one and two bedroom units. Developers usually include only one or two three bedroom units per floor, or reserve the largest layout for corner or penthouse-adjacent positions, so supply at any given time is limited relative to demand.
Buyers at this size are usually families who need a third room for children or a home office, or downsizers moving from a house who want to keep a similar amount of living space without garden upkeep. Both groups tend to prioritise layout logic — how bedrooms relate to bathrooms, and whether there is a genuine separation between living and sleeping areas — over marginal differences in total area.
Because fewer three bedroom units exist in any given building, price comparisons are harder to make on a like-for-like basis than for one or two bedroom apartments, and buyers should expect to compare across several buildings rather than several units within one.
- Typical internal area
- 110-150 m²
- Typical covered veranda
- 15-30 m²
- Bedrooms / bathrooms
- 3 / 2
- Parking
- 2 covered spaces
- Where found
- Ayios Athanasios, Panthea, Potamos Germasogeias, Columbia
Layout and specification
Well-designed three bedroom apartments separate a master suite from the two secondary bedrooms, often with the master having its own en suite and covered balcony access, while the other two bedrooms share a family bathroom. Poorly designed layouts at this size sometimes string all three bedrooms along a single corridor with no separation, which reduces privacy for families with older children.
At this size, storage becomes a meaningful differentiator: a separate laundry or utility area, a walk-in wardrobe in the master bedroom, and a dedicated storage room (either within the unit or in the basement) are common in better-specified buildings but not universal.
- Master bedroom separated from secondary bedrooms
- Two bathrooms as standard, sometimes three in larger units
- Utility or laundry space beyond the kitchen
- Covered veranda large enough for a dining table and seating area
Price and cost structure
Three bedroom apartments command a premium per square metre in sought-after buildings because of their scarcity, even though the marginal cost of construction per square metre is similar to smaller units in the same building. Buyers should ask directly how many three bedroom units exist in the development and on which floors, since position materially affects both price and light.
VAT treatment follows the same rules as for smaller apartments: the standard rate applies unless the buyer qualifies for the reduced 5% rate on their primary residence, and that reduced rate only applies to the first 130 m² of the property, meaning a 140 m² three bedroom apartment will always have part of its value taxed at the standard rate even for an eligible buyer. Where VAT applies, transfer fees are waived; where it does not, transfer fees are payable on the value at transfer.
- Ask how many equivalent units exist in the building and their relative positions
- Model the VAT split accurately if the unit exceeds 130 m²
- Confirm whether two parking spaces are guaranteed or subject to allocation
- Check the common expense contribution, which is usually higher in absolute terms for larger units
Where to find them in Limassol
Three bedroom apartments concentrate in established, family-oriented parts of Limassol such as Ayios Athanasios and Panthea, where building plots are larger and developers can justify bigger unit footprints, as well as in select coastal schemes in Potamos Germasogeias aimed at larger households wanting sea proximity. Columbia also includes some larger apartment stock alongside its more common two bedroom units.
In smaller boutique developments, three bedroom units are often the largest layout offered rather than a penthouse, giving families a top-specification home without the additional cost premium usually attached to a penthouse label.
Running costs
Running costs scale with size: common expenses, refuse and sewerage charges, and utilities are all higher in absolute terms than for a one or two bedroom unit, though not necessarily higher per square metre. Two covered parking spaces and a storage room, where included, add to the common expense calculation if these areas are factored into the building's shared-cost formula.
As with all Cyprus residential property, there is no recurring national property tax at present, so the ongoing cost burden sits mainly in common expenses, municipal charges and utility consumption, which is naturally higher for a larger household.
Rental demand and resale
Rental demand for three bedroom apartments is narrower than for smaller units, drawn mainly from larger families and shared households of working professionals, and the pool of long-term tenants able to afford this size is smaller in absolute terms. This can mean longer void periods between tenancies, which should be weighed against the typically higher rent achievable.
On resale, scarcity works in the seller's favour where the unit is well specified and well located, since there are usually few directly comparable units on the market at once, but this same scarcity can lengthen the time needed to find the right buyer.
What to check before buying
- Exact split of internal area versus veranda for accurate price-per-m² comparison
- Whether both bathrooms are full bathrooms or one is a shower room only
- Two-space parking allocation in writing
- VAT calculation if the unit is close to or above 130 m²
- Number of comparable units in the same building, for realistic resale expectations
Frequently asked
General information, not legal, tax or financial advice. Specifications, costs and rules change — confirm the current position with your lawyer and with our team before you commit.
Speak to our team