+ 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 Maisonette in Parekklisia, Limassol, Cyprus No. 44467

2

Bedrooms

83 sq.m.

Square

Parameters

Property Description

A modern residential complex in the heart of Parekklisia, Limassol. The project consists of maisonettes with a mix of 2 and 3-bedrooms (two-storey semi-detached maisonettes) and four 1 bedroom apartments, built to the high standards and quality materials and finishes. Each maisonette includes private parking and a private backyard. Some properties will have the provision for a private swimming pool.

The complex has a modern design with a large open concept layout, custom-made kitchen cabinets, built-in wardrobes in each bedroom, large double-glazing windows, covered verandas, guest W/C etc. As a gated community project, there will be a controlled gate to provide maximum privacy and security to the residents. There will be a large common landscaped courtyard, with water playground facility and sitting area for the kids to enjoy.

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

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339 900

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+ VAT

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2 Bedrooms

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2 Bedrooms

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+ VAT

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