+ 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 Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26020

2

Bedrooms

2

Bathrooms

94.6 sq.m.

Square

II quarter, 2023

Completion date

Parameters

Property Description

Elite complex in central Limassol, in a privileged and quite neighborhood of the tourist area, approximately half a kilometre from the seafront. The building reaches up to 8 storeys in height; The units wrap around a formal garden in the centre and are set within generous landscaped grounds all around. The design is influenced by elements from both the natural and man-made world. Reminiscent of a superyacht, the superstructure of each block gently terraces down from its highest point with balconies on all sides. Wide horizontal bands form continuous balustrades that wrap around the blocks at each level, emphasizing the horizontal nature of the development which stretches to over 300 metres in length. The residents will enjoy the privacy of the gated compound with extended hotel-type facilities including concierge, SPA, pool, heated indoor pool, gym, landscaped gardens, playground for kids club house with a play room. Excellent complex for live of investment.

Features

Veranda

Veranda

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26020

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26020

Features

Indoor facilities

Veranda

Veranda

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