€ 790 000

€ 7 315 / 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%

3 bedrooms Penthouse in Limassol, Cyprus No. 47936

Bedrooms

108 sq.m.

Square

Parameters

Property Description

This residential development is located in the Columbia area of Limassol and consists of eight residential units. The project offers 1-, 2-, and 3-bedroom apartments, each featuring private storage and dedicated parking spaces.

The main features of the project and the units:

• 8 residential units
• 1-, 2-, and 3-bedroom apartments
• Private storage for each unit
• Dedicated parking spaces

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