3 bedrooms Apartment in Apostolos Andreas, Limassol, Cyprus No. 52026

Bedrooms

93 sq.m.

Square

€ 390 000

€ 4 194 / 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 residential development of 2 and 3 bedroom apartments is located in a quiet area of Limassol city, not far from Limassol Marina with its shops, bars and restaurants as well as the sea.

All apartments will have spacious covered verandas and the penthouses on the top floor will enjoy their private roof gardens.

Each apartment will have a storage space as well as the parking.

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