+ 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 Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26659

3

Bedrooms

2

Bathrooms

110 sq.m.

Square

I quarter, 2020

Completion date

Parameters

Property Description

New 3-bedroom apartment, with private pool, located in the center of Germasogeia tourist area, next to Dasoudi park, Limassol. The apartment is part of a gated complex of apartments with a communal swimming pool, parking and storage room. Large covered veranda. The highest quality building and finishing materials. A cozy complex of luxury club-type apartments, consisting of two small buildings (4 floors high, only 7 apartments in each). All the necessary urban and resort infrastructure is within walking distance. Features: Complete interior decoration with natural materials; Built-in wardrobes in bedrooms; Modern kitchen sets; fully equipped bathrooms; Access to high speed internet; Satellite TV; Fire alarm.

Features

Internet

Internet

Veranda

Veranda

Swimming pool

Swimming pool

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26659

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 26659

Features

Features

Internet

Internet

Indoor facilities

Veranda

Veranda

Outdoor features

Swimming pool

Swimming pool

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