2 bedrooms Apartment in Agios Tychonas, Limassol, Cyprus No. 51651

Bedrooms

91 sq.m.

Square

€ 599 000

€ 6 582 / 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 is located in Agios Tychonas area and will have unobstructed views of the sea. The project consists of twelve spacious apartments and four 3 bedroom penthouses with private roof gardens. Each apartment is designed with carefully thought out functional spaces and complemented with high standards of finish.

Other specifications:

• Tranquil surrounding;
• Common swimming pool;
• Modern architecture;
• Sea views;
• 2 minutes' drive to Four Seasons;
• Spacious layouts;
• Contemporary design;
• Provision for underfloor heating;
• Landscaped gardens

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