€ 20 640 000

€ 3 245 / 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%

6360m2 Building in Ypsonas, Limassol, Cyprus No. 55325

6360 sq.m.

Square

IV quarter, 2029

Completion date

Parameters

Property Description

A premium off-plan residential development in Ypsonas, this exceptional project offers a total built area of 6,360 sq.m. in a highly strategic location, with convenient access to public transportation, the city centre, and nearby shopping malls. The development consists of 80 modern apartments, including 64 two-bedroom units of 75.5 sq.m. each and 16 three-bedroom units of 95.5 sq.m. each, thoughtfully designed to combine comfort, functionality, and contemporary living. With its excellent location and well-balanced unit mix, this property presents an outstanding opportunity for both investment and residential development in one of Limassol’s rapidly growing areas.