+ 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 Apartment in Tserkezoi, Limassol, Cyprus No. 26264

3

Bedrooms

3

Bathrooms

105 sq.m.

Square

Parameters

Property Description

New, modern 3 bedroom apartment in the first gated eco-friendly complex with 315 apartments (1, 2, 3 and 4 bedrooms), lots of greenery (almost 44,000 plants and trees) and many infrastructure facilities, including large swimming pools, basketball and tennis courts, gym hall, mini-supermarket, business center, bike paths, yoga lawns, playgrounds, cafe / restaurant on a plot of almost 100,000 m2. It is an attractive complex for investors and is also ideal for young couples with children and young professionals as it has everything you need for a very comfortable life. It is located next to the City of Dreams Casino Resort (not just a casino), a new golf course, the famous Lady's Mile Beach and a water park, which will significantly affect the growth of interest in the project. The residential complex consists of 20 residential blocks of 8-15 apartments each, each building will have 2 levels of roof gardens and the project will be implemented in phase 2 with a difference of 6 months. Phase A will be completed in the summer of 2022, simultaneously with the opening of the City of Dreams Casino Resort, in phase B - in late 2023 

Features

Veranda

Veranda

3 bedrooms Apartment in Tserkezoi, Limassol, Cyprus No. 26264

3 bedrooms Apartment in Tserkezoi, Limassol, Cyprus No. 26264

Features

Indoor facilities

Veranda

Veranda

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