1 bedroom Apartment in Limassol, Cyprus No. 52058

Bedrooms

57 sq.m.

Square

€ 860 000

€ 15 088 / 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

The three towers are located just in the heart of Limassol, within 130 meters from the sea. It offers a beachfront living and work. The buildings have sophisticated, urban design as well as the apartments. All the apartments and offices will have sea views. Members will have access to resident-only areas. There will be 24-hour security and concierge. The buildings will have a private underground parking. The residents of the buildings will be enjoying resident-only facilities like pool, bar, gym, spa, tennis court, garden and children’s play area, indoor pool, fitness suite and internal relaxation areas, restaurants, bars and shops.