€ 450 000

€ 5 000 / 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 Limassol, Cyprus No. 44498

Bedrooms

90 sq.m.

Square

Parameters

Property Description

Situated in the area of Panthea in Limassol, this project is a new development of 10 apartments. It offers an opportunity of contemporary living and many of the apartments will enjoy uninterrupted views to Mediterranean Sea from the spacious balcony.

Each apartment has its own covered parking space and private storeroom, while the central entrance of the building will be controlled by a video intercom system.

Terms of Payments:

Reservation agreement - 5% + VAT

Signing of sale/purchase agreement 25% (Proceed with application Permanent Residence)

Stage 1 - Primary structure (Foundation) 20% + VAT

Stage 2 - Secondary structure (Brick installation) 30% + VAT

Stage 3 - Installation of aluminum frames 10% + VAT

Stage 4 – Delivery of the project 10% less €2.000 with a title deed + VAT

Stage 5 – Title Deed €2.000 + VAT

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

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

2 Bedrooms

90 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

90 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

90 sq.m.

+ VAT

2 Bedrooms

90 sq.m.

+ VAT