€ 280 000

€ 3 500 / 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%

2 bedrooms Apartment in Palodeia, Limassol, Cyprus No. 47451

Bedrooms

80 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.