2 bedrooms Apartment in Palodeia, Limassol, Cyprus No. 51327

Bedrooms

75 sq.m.

Square

€ 280 000

€ 3 733 / 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%

Parameters

Property Description

New residential building in the area of Palodia, Limassol. These twin residences offer a unique lifestyle just minutes away from the city center and private schools.

The project emphasizes quality materials and expansive glass facades that invite Palodia into the living room.

Each apartment will be granted a storage room and parking place.

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