2 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 52747

Bedrooms

83 sq.m.

Square

€ 400 000

€ 4 819 / 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 four floor building in Germasogeia is designed to offer the best in modern living. It features elegant two and three bedroom apartments with high quality finishes that combine style and comfort. Residents can relax in a heated swimming pool, a fully-equipped gym and a soothing sauna.

The building includes a photovoltaic system for energy efficiency, underfloor heating and a VRV air-conditioning system. The property offers an electric gate, alarm system and “smart home” technology.

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