+ 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 Ypsonas, Limassol, Cyprus No. 27596

2

Bedrooms

96 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: The new modern building offers a choice of 2-bedroom apartments with an area of 96 m2 with a close completion date of May 2024. The complex is located 3 km from the sea. Each apartment has a parking space and a storage room, a built-in kitchen, closets in the bedrooms, equipped bathrooms. The purchase of such an apartment makes it possible to obtain permanent residence (additional options are possible to enter the price threshold of 300 thousand euros for internal equipment).

 

• Property type: apartments
• Number of bedrooms: 2
• Area 96 m2
• Parking space
• Storeroom
• The deadline is May 2024
• Suitable for permanent residence (up to 300 thousand with the help of an additionaloptions)
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms

The cost is 250 - 255 thousand euros + VAT

More detailed information, planning, consultations and live screenings: whatsapp/viber/telegram

 

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