+ 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. 28894

2

Bedrooms

2

Bathrooms

85 sq.m.

Square

Parameters

Property Description

New 2 bedroom apartment located in a luxury residential complex in Germasogeia area, close to Papas supermarket, sandy beach and all amenities needed for a comfortable life. The project consists of 18 residences (apartments, townhouses, penthouses), 14 of which are with three bedrooms and 4 - with two bedrooms. The building is conceived as four interconnected blocks separated by three vertical elevator shafts - a unique layout that eliminates the need for long corridors typical of conventional residential complexes and provides improved ventilation and natural light to all apartments. High quality finishing from natural materials. Spacious terraces, swimming pool, well-groomed territory. Apartments feature spacious greened terraces and roof-top living – many with private infinity pools that take full advantage of the surrounding green parklands and views.  For each apartment, space heating uses water underfloor heating to provide superior all around comfort and minimize energy running costs. Floor with artificial wood flooring or tiles. All apartments are fitted with VRV Air Conditioning and discreet ducting, buried within the walls/ceilings. Each residence is equipped with premium plumbing, double-glazed windows, video intercoms, and armored doors. Possibility for installing of a Jacuzzi. For ease of operation, it is possible to install an intelligent system for touch control of lighting, sound, blinds, curtains, air conditioning. A covered parking is assigned to each apartment. Triplex apartments are assigned two parking places each.

Features

Veranda

Veranda

Storage room

Storage room

Swimming pool

Swimming pool

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28894

2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 28894

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Swimming pool

Swimming pool

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