2 bedrooms Apartment in Mesa Geitonia, Limassol, Cyprus No. 51765

Bedrooms

81 sq.m.

Square

€ 510 000

€ 6 296 / 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 perfectly situated in the sought-after Mesa Geitonia area.

With a commitment to quality, this project offers a total of 10 spacious apartments, each designed to provide residents with the utmost comfort and style.

Each apartment will have its dedicated parking space and a storage room.

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