€ 630 000

€ 8 873 / sqm

+ 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%

1 bedroom Apartment in Germasogeia, Limassol, Cyprus No. 29832

Bedrooms

Bathrooms

71 sq.m.

Square

Parameters

Property Description

1 bedroom luxurious apartment located in the prestigious area of Potamos Germasogeia. The project consists of 2 blocks of 29 luxury housing units and 2 villas. Block 2 has 10 spacious apartments on 5 floors and penthouses with their own separate roof garden and rooftop Jacuzzi. All apartment are designed to have panoramic views of the beautiful gardens and pool. The ground floor consists of a lobby area, landscaped gardens, pool, and gym. It is located in a quiet residential area, close to all necessary amenities, walking distance to the beach, and with easy access to the highway.