+ 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%

1 bedroom Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28279

1

Bedrooms

1

Bathrooms

53.4 sq.m.

Square

II quarter, 2024

Completion date

Parameters

Property Description

Modern 1 bedroom apartment in a luxury residential complex located in the Germasogeia tourist area of Limassol, less then 700 meters from the sea. The complex consists of two identical four-story blocks of 19 apartments each. Each block has three 3 bedroom, seven 2 bedroom and six 1 bedroom apartments. In addition it features four penthouses on the top floor - one 3 bedrooms and three 2 bedrooms. Two penthouses have access to their own glorious open air entertainment on the roof top garden. The complex has its own swimming pool, a fenced play area for kids, as well as a fully equipped sports complex, health center and SPA. Complex is located in a prestigious Germasogeia Tourist area of Limassol near the coastal area with magnificent beaches. A wide variety of restaurants and local bars, as well as all kinds of shops that satisfy any of your needs, are within walking distance from the complex. You can quickly get to all the business and commercial centers of the city. The apartment features high quality materials: European brand kitchen, doors, bathroom, tiles. provision for VRV & Underfloor heating (pipes),1 Storage room and 1 Covered parking

Features

Veranda

Veranda

Storage room

Storage room

Swimming pool

Swimming pool

1 bedroom Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28279

1 bedroom Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28279

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Swimming pool

Swimming pool

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