+ 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%

1 bedroom Penthouse in Zakaki, Limassol, Cyprus No. 48845

1

Bedrooms

50 sq.m.

Square

Parameters

Property Description

A residential development in the Zakaki area of Limassol, designed to combine modern living with business potential. The project offers a well-balanced location with convenient access to key city areas, major roadways, and essential amenities. It consists of apartments and a high-spec office space within a three-story building, incorporating residential and commercial use.

The architectural design blends contemporary elements with Mediterranean influences, emphasizing functionality, clean lines, and natural materials. Each apartment features an open-plan layout, en suite master bedroom, and spacious terrace.

With a focus on sustainability, the development meets Energy Efficiency A standards, integrating energy-efficient materials and systems to optimize long-term cost savings. Residents will have access to secure parking, landscaped gardens, and essential urban conveniences.

The main features of the project and the units:

• Located in Zakaki, Limassol
• Three-story residential and commercial development
• 13 two-bedroom apartments with open-plan layouts
• High-spec office space on the ground floor
• Secure parking and landscaped gardens
• Proximity to schools, parks, shopping, and transport hubs

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

Features

Storage room

Storage room

Car park

Car park

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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