€ 660 000

€ 3 028 / 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%

3 bedrooms Penthouse in Zakaki, Limassol, Cyprus No. 20271

Bedrooms

Bathrooms

218 sq.m.

Square

Parameters

Property Description

A modern 2 building complex in close proximity (490m) to the “City of Dreams” Casino, the biggest casino in Europe, and also next to MyMall and the port of Limassol. Located on the top floor consisting of 3 bedrooms, with huge veranda, private roof garden and swimming pool enjoying the magnificent view of the new casino, the port, the sea and mountains. In total of 218 m2 in which 110 m2 are internal spaces, carefully designed with top quality materials offering luxury and comfort to residents. There is common swimming pool as well and a park inside the complex so that all the kids of the residents can enjoy safely play time.