+ 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%

1 bedroom Apartment in Zakaki, Limassol, Cyprus No. 43737

1

Bedrooms

63 sq.m.

Square

Parameters

Property Description

The complex is located in the fastest growing area of the city - Zakaki, next to a new casino and the only shopping center in the city. The apartments will have wiring for heating/air conditioning. Also built-in wardrobes, granite countertop, European plumbing.

The project offers a comfortable, quiet and green location as well as storage rooms and parking spaces.

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

Features

Storage room

Storage room

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