€ 355 000

€ 4 438 / 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%

2 bedrooms Apartment in Agios Athanasios, Limassol, Cyprus No. 35399

Bedrooms

80 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

Property Description

This is a brand new and completed apartment for sale, located in the residential area of Agios Athanasios, in a quiet, tranquil neighbourhood. It is offer as an investment opportunity as it is currently rented for 1700 EUR per month. The apartment’s unique selling point is its private, gated entrance and private yard, which consist of 48 sqm, with additional verandas of 15 sqm, and internal areas of 80 sqm. This is a perfect option for a young family, and is also an excellent investment opportunity. The price includes exclusive use of photovoltaic panels and 1 store room, a private veranda and a private storage room.