1 bedroom Apartment in Germasogeia, Limassol, Cyprus No. 52176

Bedrooms

62 sq.m.

Square

€ 324 000

€ 5 226 / 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 complex is designed to offer a calm, comfortable and well-balanced living experience in one of Limassol’s most desirable districts. The architectural concept focuses on clean lines, naturally lit interiors and generous covered verandas. Many apartments enjoy beautiful open views towards the city and the sea. The development offers a selection of 1-, 2- and 3-bedroom apartments, planned with efficient interior layouts and quality finishing materials.

Major benefits:

• High construction quality and contemporary technical specifications
• Amenities: pool, gym, sauna, co-working, children’s spaces
• Private covered parking and storage for every apartment
• Close to coastline, international schools and main city infrastructure.

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