€ 20 640 000

€ 3 245 / 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%

176 bedrooms Commercial property in Ypsonas, Limassol, Cyprus No. 37667

176

Bedrooms

6360 sq.m.

Square

Parameters

Property Description

For sale: a modern off-plan apartment building with a total internal space of 2,011 square meters. There are 64 two-bedroom apartments with 75,5m² and 16 three-bedroom apartments with 95,5m². Scheduled for completion in 2028, this property is designed with contemporary style and advanced features to meet current housing needs. The building carries a top-tier energy efficiency A rating, ensuring both low running costs and a minimal environmental footprint.

Residents will appreciate an elevator that guarantees easy access to all floors. The location offers excellent connectivity, being close to the highway, which allows for quick and easy travel. Everyday living is convenient with a variety of amenities just a short distance away, making this building an excellent choice for both families and professionals.

This impressive off-plan opportunity is now available through Purple International Real Estate. Contact us today for more details or to discuss your investment options with our experienced team.