€ 598 000

€ 4 430 / 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 Germasogeia, Limassol, Cyprus No. 48393

Bedrooms

Bathrooms

135 sq.m.

Square

Parameters

Property Description

This upcoming residential project is situated in the Green Area of Germasogeia, a quiet and well-established neighborhood in Limassol. Surrounded by private villas and natural scenery, the development combines sea and hillside views with convenient access to schools, shops, and the highway.

The building includes a total of nine units, offering low residential density and a high degree of privacy. Each apartment is designed for modern Mediterranean living with spacious layouts, premium finishes, and energy-efficient features.

The development offers enhanced communal areas, including a landscaped garden with a swimming pool, seating areas, and photovoltaic panels to cover the electricity needs of shared facilities. Advanced infrastructure such as underfloor heating, central A/C provisions, and a secured entrance system contribute to the overall functionality and comfort.

The main features of the project and the units:

• Located in the Green Area of Germasogeia, Limassol
• Total of 9 residential units
• Sea and hillside views
• Quiet neighborhood with close proximity to schools, supermarkets, sports facilities, and beaches
• Private roof gardens for select upper-floor units
• Communal swimming pool and landscaped outdoor areas
• Photovoltaic panels for communal electricity consumption
• Automatic gated entry and 24/7 CCTV in communal areas
• High-end aluminum ceilings with integrated lighting in all living and bedroom areas
• Fire- and moisture-resistant ceilings in bathrooms and kitchens
• Provisions for central air conditioning in all rooms
• Graphene infrared underfloor heating system

Energy Efficiency Certificate: Class A