€ 340 000

€ 3 617 / 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 Zakaki, Limassol, Cyprus No. 40904

Bedrooms

94 sq.m.

Square

Parameters

Property Description

This upcoming residential project comprising just 7 modern apartments, offers a selection of 1- and 2-bedroom apartments spread over three floors.

The development is located in Limassol, not far from the new sea port.

Each apartment includes covered parking and a private storage room. Ideally located close to all amenities, the project presents an excellent opportunity for both investment and permanent living.

The Project has EPC certificate with "A" Energy Efficiency Rating.