+ 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. 28885

3

Bedrooms

3

Bathrooms

123.6 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

New 3-bedroom penthouse is located in a new project in the area of Germasogeia with a few minutes by walk to the sea and close to all amenities. The most developed area with a unique infrastructure and proximity to the sea and to the business part of the city. A new club format of a residential complex with a swimming pool. There will be 4 stores building of only 10 apartments: two 1- bedroom, four 2- bedroom, two 3- bedroom apartments and two 3 bedroom penthouses with roof garden. Apartment features: a living/dining area, an open plan kitchen, 3 bedroom, 3 bathroom uncovered and covered veranda, roof garden. The private parking space and separate storage room are equipped for all apartment owners. Premium class apartments with exclusive finishes. High quality laminated flooring in all bedrooms, living, and dining areas. Enclosed protected area. Locking systems for heavy-duty entrance doors. Video intercoms in every apartment. Residence was designed to offer a sense of exclusivity and privacy – a truly exceptional living experience, featuring luxurious finishes, spacious layouts, and breath-taking views.

Features

Veranda

Veranda

Swimming pool

Swimming pool

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28885

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28885

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Swimming pool

Swimming pool

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