€ 325 000

€ 4 333 / 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 Penthouse in Kato Polemidia, Limassol, Cyprus No. 47777

Bedrooms

Bathrooms

75 sq.m.

Square

Parameters

Property Description

A residential project under construction in Polemidia, Limassol, consisting of three floors with a total of nine apartments. The development includes six 2-bedroom units and three 1-bedroom units, set in a quiet, family-friendly neighborhood. Its location offers residents both everyday convenience and quick access to the highway.

The main features of the project and the units:

• Six 2-bedroom apartments
• Three 1-bedroom apartments
• Three floors
• Quiet residential area
• Family-friendly neighborhood
• Easy access to amenities
• Easy access to the highway

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