€ 1 410 000

€ 13 302 / 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 Limassol, Cyprus No. 49727

Bedrooms

106 sq.m.

Square

Parameters

Property Description

This contemporary one block development consists of four spacious apartments and two penthouses. Each apartment features dining and living spaces with verandas with panoramic views of Limassol.

MAJOR BENEFITS:

• Gated development with controlled entrance
• Penthouses with private swimming pool and roof garden
• 200 meters from the beaches
• Underfloor heating and central VRV conditioning
• High ceilings (3.15 meters)

The Project has EPC certificate with "A" Energy Efficiency Rating.