€ 197 000

€ 5 472 / 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%

Studio Apartment in Mesa Geitonia, Limassol, Cyprus No. 42281

Studio

Bedrooms

36 sq.m.

Square

Parameters

Property Description

This development will consist of 9 apartments situated in Limassol's prestigious Hi-Tech area.

It is within 15 minutes walk from the anticipated new mall and only mere 8 minuted drive from the beach. This development creates the perfect harmony between tranquil living and urban convenience.

Main features:

• Central location
• High rental demand
• Modern surroundings
• Top quality materials
• Contemporary design
• Large windows
• High ceilings.

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