2 bedrooms Penthouse in Agios Athanasios, Limassol, Cyprus No. 51471

Bedrooms

75 sq.m.

Square

€ 510 000

€ 6 800 / 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

This development offers comfort, style and practicality in every detail. The residents will enjoy open-concept living area with natural light. The spacious kitchen features sleek countertops, quality cabinetry, and ample storage.

This property is a great opportunity for families or anyone seeking an updated, low-maintenance home.

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