€ 255 000

€ 5 100 / 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%

1 bedroom Apartment in Zakaki, Limassol, Cyprus No. 45467

Bedrooms

50 sq.m.

Square

Parameters

Property Description

The Project is located at Zakaki area adjacent to the New Casino Resort of Limassol, a 5-minute walk to the Mall and a 10-minute walking distance to the well-known Lady’s Mile beach.

This building comprises of studios and 1 and 2 bedroom apartments, facing the Casino Resort, open recreational areas, gardens and swimming pool.

The Project will be constructed with high standards and specifications meeting the most demanding requirements of clients, who are looking to invest in the most desirable upcoming area in Limassol. There is also a golf centre close to the project.

The prices include concealed air-conditioning systems, false ceilings with spot lights and photovoltaics for each apartment.

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