€ 225 000

€ 4 500 / 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 Penthouse in Zakaki, Limassol, Cyprus No. 47378

Bedrooms

Bathrooms

50 sq.m.

Square

Parameters

Property Description

This modern residential building consists of ten apartments located in a newly developed area of Zakaki, close to all essential services and amenities. Situated next to a park and within a short distance from the city’s largest shopping mall and the casino, the project offers both comfort and convenience. Each apartment is equipped with an air conditioning system, radiators, video intercom, electric shutters, and a pressurized water system. Residents also benefit from covered parking, private storage, and a 3KW photovoltaic system for the common areas.

The main features of the project and the units:
•Ten modern apartments in a newly built area
•Air conditioning system and radiators in all areas
•Video intercom and electric shutters
•Pressurized water system
•Private storage room
•Covered parking space
•Lift
•Double-glazed windows
•Photovoltaic system for common areas
•Next to a park and close to the mall and casino

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