+ 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 Penthouse in Ypsonas, Limassol, Cyprus No. 30030

1

Bedrooms

1

Bathrooms

52 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

Property Description

New unique 1 bedroom penthouse in the Ypsonas area, Limassol with panoramic views of the mountains, city and sea, 5 minutes by car to the highway. School, cafes, shops, theater within walking distance. Apartment features: 1 bedroom, 1 bathroom, living area with an open plan kitchen, covered and uncovered verandas and roof garden, 1 parking space in covered parking, storage room. Apartment is fully ready to move in or rent out. The bproject was built in September 2023. Modern building facades and the use of high-quality finishing materials in common areas. Smart home technology for access to the building (application or Face ID), closed area with video surveillance and access to the building via Face ID. There are only 11 apartments in the building. Building energy efficiency class A. The living room, dining room, kitchen, and corridor are covered with high – quality porcelain ceramic finish large format. Modern stylish bathrooms with walls hung vanity units and luxury ceramic tiling from floor to ceiling. High – quality wood laminate flooring in bedroom. Stylish interior design with furniture from famous European brands. Fully furnished living room, bedroom, roof garden, bathroom. Italian kitchen fully equipped with Bosh appliances. Bosh washing machine and dryer in a separate cabinet. VRV in all rooms. Preparation for heated floors, smart home, electricity storage system. Internet connected.

Features

Veranda

Veranda

Storage room

Storage room

1 bedroom Penthouse in Ypsonas, Limassol, Cyprus No. 30030

1 bedroom Penthouse in Ypsonas, Limassol, Cyprus No. 30030

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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