+ 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. 28892

3

Bedrooms

2

Bathrooms

120 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

New modern 3 bedroom penthouse located in the tourist area of Germasogeia, Limassol. The project is located within walking distance of urban infrastructure facilities, and at the same time is quite remote from the busy embankment of the road. The beach is only 600 meters away. Modern 5-stores building is consist of 12 spacious 1, 2 and 3 bedroom apartments and 3 bedroom penthouses with private pools on the roof terraces. Common facilities: swimming pool, barbecue area, electric vehicle charging point, green areas. The complex benefits from secure gated entrance and intercom entry system to all units. Each apartment has a storage room and a parking space, while the penthouses have 2 parking spaces. The large verandas and rooftop terraces provide beautiful views to the mountains, sea and the city. Specifications: built-in wardrobes and kitchens (manufactured in Italy), VRV air conditioning system, underfloor water heating system, photovoltaic electricity producing system, high ceilings, security fireproof entrance doors, aluminum double glazed windows of a high thermal and sound insulation, Energy efficiency - Class A.

Features

Veranda

Veranda

Barbecue area

Barbecue area

Swimming pool

Swimming pool

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28892

3 bedrooms Penthouse in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28892

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Barbecue area

Barbecue area

Swimming pool

Swimming pool

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