€ 489 000

€ 5 621 / 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 Limassol, Cyprus No. 37800

Bedrooms

Bathrooms

87 sq.m.

Square

Parameters

Property Description

This modern two-bedroom apartment sits on the second floor of a gated complex in Agios Nicolaos, with an elevator providing direct access. The 87-square-metre interior comprises two bedrooms and two full bathrooms, opening onto a layout designed for contemporary living. City views frame the space, and large windows draw light through the principal rooms.

Agios Nicolaos adjoins Larnaca. The town functions as a residential suburb with apartment blocks and villas, all low-rise. Restaurants, pharmacies, and food shopping serve the neighbourhood, and the highway access makes longer journeys straightforward.

The apartment is under construction and will complete in 2027, finished to a modern standard with an A-rated energy efficiency. Contact Purple International Real Estate to arrange a viewing.