€ 340 000

€ 6 800 / 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%

1 bedroom Apartment in Kato Polemidia, Limassol, Cyprus No. 55650

Bedrooms

Bathrooms

50 sq.m.

Square

IV quarter, 2027

Completion date

Parameters

Property Description

• Modern Penthouse Apartment for Sale – Archangelos Michail, Monovolikos
An exceptional off-plan penthouse apartment is now available for sale on the 3rd floor in the sought-after area of Archangelos Michail, Monovolikos, in Kato Polemidia, just minutes from Limassol city center.
This modern residence is ideal for homeowners seeking privacy and elevated views, or investors looking for strong rental potential.
• Property Details
Internal Area: 50 sq.m.
Floor: 3rd (Penthouse)
Bedrooms: 1
Bathrooms: 2
Parking: 1 Covered space
Energy Efficiency: Class A
Status: Off-plan
Delivery Date: September 2027
Views: Mountain & City
Style: Modern Architecture
• Key Features & Advantages
Penthouse level offering enhanced privacy
Elevator access
Internal elevator
Security alarm system
Security camera system
Air conditioning provision
Internet provision
Quiet residential neighborhood
• Prime Location
Conveniently located close to:
Schools
Public Market
Supermarkets
City Center
Cafés & Restaurants
The Archangelos Michail – Monovolikos area offers easy access to the highway and central Limassol while maintaining a peaceful residential environment.