€ 710 000

€ 7 474 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

2 bedrooms Penthouse in Limassol, Cyprus No. 19140

Bedrooms

Bathrooms

95 sq.m.

Square

IV quarter, 2020

Completion date

Parameters

Property Description

This exclusive development is in a prime and central location it has been built to the highest standard and has top quality luxury fixtures and finishes. It’s very spacious and comfortable with large covered verandas and private roof garden. Only a short walk to the beach and all amenities. Excellent investment opportunity.