+ 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 Ypsonas, Limassol, Cyprus No. 47024

2

Bedrooms

81 sq.m.

Square

Parameters

Property Description

Discover a refined collection of contemporary residences where modern design meets elegance and everyday practicality. This exclusive two-storey building houses just ten carefully crafted apartments, offering an intimate and peaceful living environment with the convenience of urban life only moments away.

Each apartment is designed with high-quality finishes and thoughtful layouts that maximize natural light and space. Residents benefit from the added comfort of private covered parking and individual storage rooms. The location provides effortless access to the city centre while remaining close to essential amenities including schools, supermarkets, shops, cafés, and restaurants. Families will appreciate the proximity to playgrounds, soccer fields, and basketball courts, creating the perfect balance of tranquility and connectivity.

The main features of the project and the units:

- Two-storey building with only 10 apartments

- Contemporary interiors with high-quality finishes

- Covered parking space for each apartment

- Private storage room for each apartment

- Quiet residential neighbourhood

- Quick access to Limassol city centre

- Walking distance to schools, shops, cafés, restaurants and supermarkets

- Close to playgrounds, soccer fields and basketball courts

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

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