€ 735 000

€ 5 654 / 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%

3 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 31034

Bedrooms

Bathrooms

130 sq.m.

Square

Parameters

Property Description

This penthouse sits at the top of a new gated complex in Germasogeia, reached by its own elevator and finished as a single top-floor residence rather than a shared landing arrangement. The apartment is currently under construction, with completion set for 2026, giving a buyer the chance to specify a brand-new home rather than inherit someone else's finishes.

Inside, 130 square meters are arranged across three bedrooms and three bathrooms, giving each bedroom its own adjoining bathroom rather than a single shared facility for the household. The modern layout is built for a top-floor position, and as a penthouse it carries the additional outdoor space that comes with that placement in this complex.

The building sits within a gated complex with a communal swimming pool, and the property is close to both the highway network and everyday amenities, putting daily errands and onward travel within easy reach.

Germasogeia sits on Cyprus's south coast, forming part of the wider Limassol area. It combines low-rise apartment buildings with older residential streets, and its position along the coast gives the district a mix of established neighborhoods and newer development of the kind this complex represents. For anyone weighing up a home on this stretch of the coast, that pairing of an established district with new-build stock is one of its defining features.

Contact Purple International Real Estate to arrange a viewing or to discuss the build schedule in more detail.