€ 3 200 000

€ 4 046 / 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%

791m2 Commercial property in Zakaki, Limassol, Cyprus No. 42705

791 sq.m.

Square

Parameters

Property Description

This block of apartments is located in Limassol's Zakaki area. It will consist of 2 and 3 contemporary design apartments. Each apartment will have covered verandas and 2 allocated storage rooms. Also, each apartment will have a parking space.

The development is conveniently located in close distance to all the necessary amenities: supermarkets, cafeterias as well as the the highway.

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