2 bedrooms Penthouse in Trachoni, Limassol, Cyprus No. 53204

Bedrooms

81 sq.m.

Square

€ 260 000

€ 3 210 / 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 new residential development in Trachoni, one of West Limassol’s most promising and rapidly developing areas. The project is a boutique two-floor building consisting of only six apartments, with three residences on each floor. The second floor includes two penthouses with private roof gardens. Each apartment has been carefully planned to maximize internal areas, natural light and everyday convenience.

The location places residents just minutes from the landmark City of Dreams Mediterranean resort and casino. It also offers quick access to MY MALL Limassol, the Limassol Greens golf resort, and the wider developing Zakaki area.

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