€ 1 150 000

€ 9 504 / 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%

3 bedrooms Penthouse in Limassol, Cyprus No. 45078

Bedrooms

121 sq.m.

Square

Parameters

Property Description

This project is located in the area of Panthea hills, from where it enjoys panoramic views of all the city of Limassol all the way down to the sea. The area is surrounded by all everyday amenities and is very near to prestigious private schools.

These spacious and contemporary apartments will enjoy the communal swimming pool and the gym. The two penthouses will have their private roof garden with private swimming pool on top as well as their own photovoltaics system.

The ground floor of the building consists of the parking and storage room areas. Also, there is a large green park to the north side of this project which belongs to the municipality which means that nobody is allowed to ever build there.

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