€ 307 000

€ 3 612 / 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 Penthouse in Zakaki, Limassol, Cyprus No. 48787

Bedrooms

85 sq.m.

Square

Parameters

Property Description

Located in the Zakaki area of Limassol, this residential development offers direct access to everyday necessities, including shops, dining options, and green spaces. Its close proximity to the highway ensures efficient travel to and from the city, making it suitable for both personal living and investment purposes.

The development is planned with energy efficiency in mind. Completion is scheduled for 2026, presenting a timely opportunity in a steadily developing district.

Optional photovoltaic systems can be installed at an additional cost of €5,000 per apartment, with the exception of apartments 301 and 302, where this feature is already included in the price.

The main features of the project and the units:

• Located in Zakaki, Limassol
• Close to shops, restaurants, and recreational areas
• Easy access to the highway
• Completion expected in 2026
• Photovoltaic system available as an upgrade (€5,000 per apartment)
• Photovoltaic system included for apartments 301 & 302
• Prices do not include VAT

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