+ 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 Palodeia, Limassol, Cyprus No. 47445

2

Bedrooms

82 sq.m.

Square

Parameters

Property Description

This new development in the Palodia area consists of two buildings offering a total of twelve 2-bedroom apartments and seven shops. Each apartment includes private parking and a storage room, providing convenience and practicality for residents. The project combines residential and commercial spaces in a well-connected area close to Limassol.

The main features of the project and the units:
•Two buildings
•12 apartments with 2 bedrooms each
•7 shops
•Private parking and storage rooms
•Located in Palodia, Limassol

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

Features

Storage room

Storage room

Car park

Car park

Similar Property

300 000

2 Bedrooms

82 sq.m.

+ VAT

300 000

2 Bedrooms

82 sq.m.

+ VAT

299 000

2 Bedrooms

82 sq.m.

+ VAT

299 000

2 Bedrooms

82 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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