+ 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. 46898

1

Bedrooms

50 sq.m.

Square

Parameters

Property Description

This new residential development is located in the rapidly expanding district of Zakaki in Limassol, offering a blend of contemporary living and strong investment potential. It consists of two modern blocks with 1- and 2-bedroom apartments featuring smart layouts, private storage rooms, covered parking, and spacious balconies. Residents can enjoy lifestyle facilities such as an outdoor swimming pool, landscaped communal areas, and a fully equipped gym. Selected units include penthouses with private roof gardens and panoramic views of the sea, mountains, and nearby leisure destinations. The location provides quick access to beaches, retail, entertainment venues, and major city hubs, making it suitable for families, professionals, and investors alike.

The main features of the project and the units:
• Two residential blocks
• 1- and 2-bedroom apartments
• Penthouses with private roof gardens
• Balconies 13–34 m²
• Covered parking
• Private storage rooms
• Outdoor swimming pool
• Fully equipped gym
• Landscaped communal areas
• Secure covered parking
• Limassol Marina & city center – 10 minutes drive
• 350 m from MyMall
• 650 m from City of Dreams Casino
• 1 km from Lady’s Mile Beach
• 1 km from Limassol Greens Golf Resort

The project has an EPC certificate with “A” energy efficiency rating.

Features

Car park

Car park

Common area with pool

Common area with pool

Similar Property

254 000

1 Bedrooms

50 sq.m.

+ VAT

253 800

1 Bedrooms

1 Bathrooms

50 sq.m.

+ VAT

254 600

1 Bedrooms

50 sq.m.

+ VAT

255 000

1 Bedrooms

50 sq.m.

+ VAT

Features

Outdoor features

Car park

Car park

Common area with pool

Common area with pool

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