+ 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 Mesa Geitonia, Limassol, Cyprus No. 29517

2

Bedrooms

2

Bathrooms

75 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

New 2 bedroom apartment in a new under-construction residential building with six 2-bedroom apartments. Project located in the heart of Limassol, only a couple of minutes’ drive from Makariou street and extremely close to business centers and offices. Found in an emerging neighborhood near Agios Nektarios church. The internal area of each apartment is 75 sqm. One covered parking and a storage corresponding to each of the flats. High-quality finishes. Technical Specifications: Thermal and water insulation for all floors; External walls will be thermally insulated with 8cm polystyrene; Performance certificate for thermal insulation – category ‘A’ according to the European standards; Double glazing windows; All sanitary fittings are imported of first quality with chrome plated accessories; High quality kitchens with laminate finish; Solar system for heating the water is provided; Flats will be equipped with closed system audio surveillance for the building's main entrance; Central system TV antennas for the living room and all bedrooms will be provided; Air condition provision. Materials: Reinforced concrete structure; Living/Dining Rooms and Corridors: High quality porcelain tiles; Bedrooms: High quality laminate parquet; Other internal areas & Balconies: High quality ceramic tiles; Bathroom walls: High quality porcelain tiles.

Features

Veranda

Veranda

Storage room

Storage room

2 bedrooms Apartment in Mesa Geitonia, Limassol, Cyprus No. 29517

2 bedrooms Apartment in Mesa Geitonia, Limassol, Cyprus No. 29517

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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