€ 859 000

€ 7 280 / 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 Germasogeia, Limassol, Cyprus No. 48833

Bedrooms

118 sq.m.

Square

Parameters

Property Description

A new residential complex in the suburban area of Germasogeia offers 47 modern apartments designed for comfortable living. The project is situated in a well-connected location, providing a balance between the city and nature. Residents can enjoy the tranquility of a suburban environment while remaining close to the vibrant lifestyle of Limassol.

The complex is just a 5-minute drive from the sandy beaches of Limassol, combining access to the Mediterranean coastline with a peaceful residential atmosphere. The surrounding area offers a mix of urban conveniences, green landscapes, and a welcoming community.

The development is designed with both private and communal spaces, creating a comfortable living environment with modern amenities. Residents have access to various facilities that enhance their lifestyle, including fitness and wellness areas. The architectural concept integrates natural materials and shapes inspired by the surrounding hillside, blending harmoniously with the environment.

The project aims to foster a sense of community while providing privacy and relaxation. The thoughtful design promotes a balanced lifestyle, offering spaces for social interaction as well as personal retreat. The combination of strategic location, contemporary design, and high-quality infrastructure makes this development an attractive choice for both residents and investors.

The main features of the project and the units:

• 47 modern apartments
• One- to four-bedroom layouts
• Private terraces and panoramic windows
• Underfloor heating and advanced ventilation
• High-quality finishes, including natural materials
• Secure underground parking
• Gym, sauna, and steam room
• Landscaped gardens and communal areas
• 5 minutes to the seafront
• 10 minutes to Limassol city center
• 50 minutes to Larnaca Airport

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