€ 1 080 000

€ 12 000 / 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 Penthouse in Limassol, Cyprus No. 42423

Bedrooms

90 sq.m.

Square

Parameters

Property Description

New modern residential complex in the vibrant tourist area of Limassol, within short walking distance to the beach. The complex consists of two blocks and has the choice of 2 and 3 bedroom apartments.

Each apartment in the complex is designed with maximum comfort in mind. The project includes an open-plan living room and kitchen and a covered veranda. Parking and private storage rooms are also available.

The residents of the complex will enjoy a communal swimming pool. The penthouses will also enjoy modern roof gardens with beautiful views of the city and the sea.

This develoment is located in the area that is famous for its well-developed infrastructure and proximity to the beach.

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