€ 460 000

€ 5 111 / 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 Limassol, Cyprus No. 25063

Bedrooms

Bathrooms

90 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

3 bedroom penthouse apartment with private roof garden. Located at the prime and lively Omonia neighborhood. Close by is the City of Dreams where you can enjoy premium accommodation, restaurants, a spa, and a kids’ playground. Just a short distance away, the “Lady’s Mile” beach presents 5 km of beautiful, natural sands, surrounded by trendy beach bars and restaurants. Plus, all the everyday necessities like supermarkets, pharmacies, banks, and schools are conveniently close.