+ 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. 28725

3

Bedrooms

3

Bathrooms

153 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

Elite 3+1 bedroom penthouse in a complex situated just a 15 minutes’ walk to the beach in the area of Columbia in Limassol city. This luxury project offers one, two bedroom apartments and luxury three bedroom penthouses. Each apartment has spacious living area, fitted kitchen and covered veranda. Main specifications include: earthquake resistant design, air conditioning system, thermal insulation, branded furniture and appliances. Audio Entry system for main door with intercom. Provisions for Split Unit Air-condition in all bedrooms and living room areas. Electric Underfloorin heating in all areas. Full installation of central CCTV system for common area. 7“smart control panel in every apartment. Smart light switches. Security Motion Sensors and Security Open/close detection sensor for security. Temperature and humidity sensor. Smart climate control for underfloor heating, A/C and boiler. Water leaking detector sensor. Smart Curtain control. Excellent location in the center of all amenities. Delivery date: December 2024.

Features

Veranda

Veranda

Storage room

Storage room

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28725

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28725

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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