1 bedroom Apartment in Germasogeia, Limassol, Cyprus No. 52396

Bedrooms

Bathrooms

50 sq.m.

Square

€ 463 000

€ 9 260 / 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 mid-rise apartment development is located in the upscale suburb of Germasogeia, just north of Limassol. The project offers modern living with secure gated access, off-street parking, and well-designed communal spaces. Residents have access to a swimming pool, an entertainment terrace, a children’s playground, and a BBQ area, all within landscaped grounds.

The apartments are designed to maximize space and natural light, featuring full-height glass doors that open onto balconies with treetop views. Open-plan kitchen and dining areas provide a seamless transition between indoor and outdoor living.

The main features of the project and the units:

• Secure gated property
• Parking spaces
• Swimming pool
• BBQ kiosk
• Kids playground
• Landscaped gardens

The project has an EPC certificate with “A” energy efficiency rating.