+ 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 Apartment in Agios Athanasios, Limassol, Cyprus No. 39307

1

Bedrooms

53 sq.m.

Square

IV quarter, 2027

Completion date

Parameters

Property Description

Next is the automatic translation: The choice of apartments in a newly built complex in the popular area of Agios Athanasios is due in 2027. Closed territory, landscaping, Parking + storage room for each apartment. High standards of construction. The possibility of installment payment and permanent residence.It has excellent investment potential, both in terms of price growth and for long-term rental in the future. Sea view!

• Type of property:apartments
• Number of bedrooms: 1 and 2
• Number of agricultural units: 1 and 2
• Garage
• The storeroom
• Covered area from 53 m2
• Solar electric panels
• Solar water heaters
• Turnkey finishing
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• Installment payment for 2 years
• The possibility of obtaining permanent residence

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