+ 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 Kolossi, Limassol, Cyprus No. 48011

2

Bedrooms

72 sq.m.

Square

Parameters

Property Description

A residential complex in Kolossi consists of 10 apartments designed with modern layouts and functional spaces. The location combines the advantages of suburban living with close proximity to the city of Limassol.

Kolossi offers a variety of nearby amenities, including schools, playgrounds, supermarkets, cafés, restaurants, and pubs, making it suitable for both families and young professionals. The project also provides convenient highway access, with Limassol city center, Kourion and Lady’s Mile beaches, and the City of Dreams Mediterranean resort all within 15 minutes.

The main features of the project and the units:

• 10 apartments in total
• Modern layouts and design
• Located in Kolossi with suburban setting
• Close to schools, supermarkets, cafés, and restaurants
• Easy highway access
• Less than 15 minutes to Limassol city center
• Less than 15 minutes to Kourion and Lady’s Mile beaches
• Less than 15 minutes to the City of Dreams Mediterranean resort

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

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