€ 290 000

€ 3 816 / 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 Apartment in Parekklisia, Limassol, Cyprus No. 48756

Bedrooms

76 sq.m.

Square

Parameters

Property Description

Located in the residential area of Pareklisia, this newly developed gated complex offers a combination of modern apartments and private villas within a quiet, green environment just five minutes from the Mediterranean coast. The development has been carefully planned to provide a balanced lifestyle with emphasis on privacy, functionality, and well-organized living spaces.

The project comprises a residential building with ten thoughtfully designed apartments and three separate villas. The apartment building includes a mix of one- and two-bedroom units, with penthouses featuring private roof gardens and views of the surrounding area. Each apartment comes with a private storage room and dedicated parking space.

The complex includes common landscaped areas, secure entry, CCTV monitoring, and photovoltaic panels for energy efficiency. Located in one of the most accessible and serene parts of Limassol District, residents will enjoy close proximity to essential amenities, local restaurants, and well-connected roadways.

The main features of the project and the units:

• Located in Pareklisia, Limassol District
• Gated residential development
• One building with 10 apartments
• 5 two-bedroom apartments
• 1 two-bedroom penthouse
• 5 one-bedroom apartments
• 2 one-bedroom penthouses
• Dedicated parking space for each unit
• Private storage rooms for all apartments
• Private roof gardens for penthouses
• Landscaped common areas
• CCTV surveillance
• Photovoltaic systems
• Terraces and greenery throughout the development
• Five-minute drive to the Mediterranean Sea
• Quiet area with easy access to local infrastructure and amenities

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