1 bedroom Apartment in Apostolos Andreas, Limassol, Cyprus No. 52104

Bedrooms

50 sq.m.

Square

€ 272 000

€ 5 440 / 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 project is located in the Agios Ioannis area, the most rapidly developing business district of Limassol. Its prime location offers close proximity to the city’s major business centers, making it an excellent choice for both comfortable living and investment. The complex consists of 20 apartments: 14 one-bedroom and 6 two-bedroom units. The first and second floors have identical layouts, while the third and fourth floors feature verandas of different sizes.

Residents can enjoy a variety of amenities designed for relaxation and convenience, including a swimming pool, gym, sauna, rooftop garden, as well as shared spaces for work and leisure, such as a coworking area and a barbecue zone.

A significant advantage of this development is that it is the only building in the neighborhood exceeding two floors, ensuring privacy and unobstructed views without direct window-to-window exposure.

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