+ 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 Asomatos, Limassol, Cyprus No. 46925

1

Bedrooms

58 sq.m.

Square

Parameters

Property Description

This residential development offers a balanced combination of strategic location, contemporary architecture, and high-quality construction within a boutique-scale community. Situated just minutes from key attractions such as shopping centres, entertainment venues, and beaches, the project provides an appealing setting for both investment and comfortable living. The development encompasses a variety of unit types, including one-, two-, and three-bedroom apartments, as well as a private villa with its own pool.

Residents benefit from thoughtfully designed communal areas and modern infrastructure. The gated layout with 24/7 security ensures peace of mind, while the central swimming pool, green areas, and private gardens create a pleasant and relaxing environment. Each apartment comes with private storage and parking, adding convenience to everyday life. Its location supports easy access to leisure destinations, employment zones, and natural surroundings, making it suitable for families, students, and professionals alike.

The main features of the project and the units:
• Located in Asomatos, Limassol
• Built area approx. 2,400 m²
• Total 29 units
• Gated complex with electric gate
• 24/7 security
• Central swimming pool
• Private gardens and green areas
• Quiet and green environment
• Private storage for each apartment
• Parking for residents
• Modern architectural design
• High building standard
• Central location near major amenities
• Developing area
• Flexible payment terms

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

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