€ 320 000

€ 4 267 / 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 Limassol, Cyprus No. 50509

Bedrooms

75 sq.m.

Square

Parameters

Property Description

The building is situated in the heart of Limassol. Its modern architecture and design attracts clients for both investment and private residence. It is very close to the sea front, near Limassol Marina and only a 10 minutes drive from the Limassol Casino and My Mall. Having a sea view and a short drive to all the restaurants, shops and cafes, the project offers its residents a quality way of living.

The building consists of 18 apartments with one and two bedrooms.

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