3 bedrooms Apartment in Limassol, Cyprus No. 52746

Bedrooms

102 sq.m.

Square

€ 850 000

€ 8 333 / 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 premium residential development, designed for modern coastal living, is located in the vibrant area of Agios Athanasios, just 300 meters from the beach.

The building consists of 6 apartments, offering a mix of 1, 2, 3 and 4-bedroom layouts and situated within a walking distance of essential amenities, including supermarkets and a variety of coffee shops and restaurants.

Each apartment includes covered parking, private storage room, underfloor heating, air-conditioning units, solar water heater, water pressure system, Smart home.

The building will feature provisions for a security system and CCTV surveillance in all communal areas. Interiors will be finished with premium ceramic floor tiles from Spain or Italy.

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