+ 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. 41649

2

Bedrooms

85 sq.m.

Square

Parameters

Property Description

This complex, located in Potamos Germasogeias, Limassol, is just 800m from the blue flag beach.

The project will consist of 3 - 4 residential blocks of apartments, an office building and a club house in a huge, landscaped territory. Each residential block will consist of 1-2- and 3-bedroom spacious apartments and 3-bedroom penthouses.

Also included within the complex: spa and fitness facilities, restaurant, cafe, pharmacy, bakery, mini market, covered parking, several common swimming pools, children's playground.

The location of the project is unique because has easy access to the highway, walking distance to the beach and all amenities, is not noisy from the highway and is the best combination for work and living.

Key features:

• Penthouses with private roof garden and swimming pool
• Spacious verandas
• Spacious layouts
• Secured Gated Entrance
• Lobby area
• Lift
• Covered parking
• Storage rooms

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

Features

Storage room

Storage room

Statistics

€ 4 788

Price per sq.m.

158

Quality of Life Index

66

Cost of Living Index

Choose a city for comparison

Parameters

Limassol

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

Similar Property

730 000

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

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2 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 55300

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2 Bedrooms

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85 sq.m.

+ VAT

Verified property

2 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 24411

695 000

2 Bedrooms

1 Bathrooms

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675 000

2 Bedrooms

85 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

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