1 bedroom Apartment in Zakaki, Limassol, Cyprus No. 52480

Bedrooms

Bathrooms

68 sq.m.

Square

€ 230 000

€ 3 382 / 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 modern residential development is situated in one of the most dynamically developing areas of Limassol and is designed to meet the needs of contemporary urban living while offering strong investment potential. The building comprises 14 apartments in total, thoughtfully planned to suit different lifestyle needs. The project includes one-bedroom, two-bedroom, and three-bedroom apartments, each complemented by private parking spaces, storage rooms, and spacious balconies that extend the living areas outdoors.

The construction is carried out using materials supplied by recognised and certified companies, with specialised crews experienced in similar developments. Particular attention is given to the overall quality of construction, including the building envelope, façades, and architectural detailing. Modern materials are selected to ensure harmony with the surrounding environment, while the architectural concept and careful execution aim to deliver durable construction and long-lasting aesthetic appeal. The overall design of the exterior and interior spaces is intended to provide a pleasant and comfortable living environment for residents.

The main features of the project and the units:
• Total of 14 apartments
• One-bedroom, two-bedroom and three-bedroom layouts
• Located in a dynamically developing area of Limassol
• Private parking spaces for all apartments
• Storage rooms for each unit
• Spacious balconies
• Modern architectural design
• Use of recognised and certified materials and specialised construction crews

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