€ 310 000

€ 3 827 / 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 Apostolos Andreas, Limassol, Cyprus No. 42837

Bedrooms

81 sq.m.

Square

Parameters

Property Description

This residential building, situated in the area of Apostolos Andreas, has great access to the city centre, it is just a five minutes drive from the Alpha Mega Supermarket, Jumbo and Starbucks and it is less than a 10 minutes drive from the new buildings of the Cyprus University of Technology (TEPAK- VEREGGARIA), Limassol Casino, Limassol Marina and My Mall.

This beautifully designed project provides its owners a sense of exclusivity and security, it consists of 30 apartments.

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