+ 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. 28218

2

Bedrooms

2

Bathrooms

87 sq.m.

Square

Parameters

Property Description

New modern 2 bedroom apartment in a contemporary complex located in the heart of the highly sought-after Germasogeia neighborhood, in Limassol near to Prophet Elias Church in a “cul-de-sac”. Surrounded by beautiful villas with lush gardens, it is a quiet and charming part of Limassol. It is also within walking distance to grocery and retail stores, and only 350 meters to the beach, and the highway is very accessible too. Designed as a new concept with greenery flowing down the building, creating a truly enjoyable blooming atmosphere. Twelve of the twenty-five apartments will offer sea views. Aartments comprise of an open plan modern layout, where the kitchen, dining, and living spaces oversee one another, and are accessible to the terrace overlooking the blooming greenery and/or sea view. Each floor consists of two-bedroom apartments and one-bedroom apartments. All of the apartments feature master bedrooms with en-suite bathrooms. A parking space and a storage room are allocated to each apartment. On the ground floor will be a state-of-art gym, swimming pool, sundeck, with showers and toilets, that open to the landscaped gardens of the building. An appointed concierge staff will service the facilities, and there is a plan to gate the immediate community in agreement with the neighboring villas. Satus- Off plan

Features

Veranda

Veranda

Swimming pool

Swimming pool

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28218

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28218

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Swimming pool

Swimming pool

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