3 bedrooms Apartment in Kato Polemidia, Limassol, Cyprus No. 54636

Bedrooms

99 sq.m.

Square

€ 450 000

€ 4 545 / 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 building in Kato Polemidia, Limassol, offering a small and exclusive selection of one-, two-, and three-bedroom apartments.

Each residence features covered verandas and a dedicated parking space. The top-floor apartment stands out with a generous uncovered veranda, perfect for outdoor living.

This is an attractive opportunity for both own use and investment in one of Limassol's well-connected residential areas.

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