+ 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 Zakaki, Limassol, Cyprus No. 29047

2

Bedrooms

2

Bathrooms

78.2 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

New 2-bedroom apartment in a modern complex consisting of 4 blocks in Zakaki district, Limassol. It is worth noting that the complex will have a very attractive location. To the northeast of the project is the My Mall shopping center, and to the east is the City of Dreams Mediterranean casino resort. To the southeast is the Limassol port, and to the west is Lanitis Golf Farm. Additionally, a luxurious sandy beach is just in 1 km away, with shops and cafes located nearby. But most importantly, there is no dense development in the vicinity, which means that residents can enjoy peace and tranquility while admiring the vibrant colors of nature. On a plot of land measuring 31,711 square meters, four 4-story buildings will be built, housing 400 elite apartments. They will be constructed in a unified architectural style. It is worth mentioning that the project was developed by a professional team of architects, engineers, and interior designers. During the design process, three main parameters were given attention: layout, dimensions, and use of space. The project consists of 40 one-bedroom apartments, 24 two-bedroom apartments, 4 three-bedroom apartments and 4 four-bedroom apartments, spread across four buildings. Each apartment offers contemporary open-plan living and dining space, as well as generously proportioned bedrooms, modern bathrooms, private balconies and ample storage space. Therefore, each apartment will have a modern design, high-quality finishes, and thoughtful planning. For the convenience of residents, the complex will include a gym, a cafeteria, outdoor sports courts, meditation areas, and two swimming pools (for adults and children). Spacious parking with 240 parking spaces will also be provided, with 200 reserved for residents, 20 for visitors, and 14 for people with disabilities. 

Features

Veranda

Veranda

2 bedrooms Apartment in Zakaki, Limassol, Cyprus No. 29047

2 bedrooms Apartment in Zakaki, Limassol, Cyprus No. 29047

Features

Indoor facilities

Veranda

Veranda

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