€ 6 700 000
€ 5 000 / sqm
+ VAT
+ 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.
1340m2 Commercial property in Germasogeia, Limassol, Cyprus No. 48036
1340 sq.m.
Square
Parameters
Property Description
This residential development comprises 17 apartments situated on an elevated site with panoramic views of both the sea and the mountains. The location provides convenient access to the highway within 3 minutes, while schools, supermarkets, restaurants, and beaches are reachable in about 10 minutes. The combination of setting and infrastructure makes the development suitable for both permanent residence and investment. The project is off-plan, with a total building price of €6,700,000 and an expected average yield of approximately 6.7%, offering a strong return in Limassol’s growing real estate market.
The main features of the project and the units:
•17 apartments
•2-bedroom layouts
•Elevated location with panoramic sea and mountain views
•3 minutes to the highway
•10 minutes to schools, supermarkets, restaurants, and beaches
•Off-plan project with total building price of €6,700,000
•Expected average yield of approximately 6.7%
The project has an EPC certificate with “A” energy efficiency rating.
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