+ 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%

3 bedrooms Penthouse in Mesa Geitonia, Limassol, Cyprus No. 43814

3

Bedrooms

115 sq.m.

Square

Parameters

Property Description

Situated at the doorstep of Limassol's vibrant city center, the development offers residents and professionals alike the perfect balance between accessibility and tranquility. This is a mixed-use project comprising both residential and commercial buildings. The residential zone offers 16 apartments.

The commercial development features a fourth-floor building with 5 modern offices, each occupying its own floor and boasting contemporary layout spaces.

KEY FEATURES:

• High ceilings: 2.90 m
• Built-in kitchen
• Provision split units in all areas
• Provision underfloor heating in all areas
• Photovoltaic system
• Video door entry system
• Swimming pool
• Individual storage rooms of the lower floor.

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

Features

Storage room

Storage room

Common area with pool

Common area with pool

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+ VAT

824 000

3 Bedrooms

3 Bathrooms

115 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Common area with pool

Common area with pool

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