2 bedrooms Penthouse in Limassol, Cyprus No. 53173

Bedrooms

77 sq.m.

Square

€ 365 000

€ 4 740 / 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

A boutique residential development in the center of Limassol. The building consists of only seven apartments, offering privacy, comfort and a modern living experience.

The area provides easy access to the city centre, main roads, shopping, dining and everyday services.

Each apartment offers bright interiors, spacious living areas and comfortable covered verandas. On the third floor, the two exclusive apartments benefit from private roof gardens with swimming pools.

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