€ 741 400

€ 7 527 / 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%

3 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 55652

Bedrooms

Bathrooms

98.5 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

Property Description

The apartment is located in a complex of 9 apartments surrounded by landscaped gardens, spacious terraces, recreation and entertainment areas and swimming pool. The apartment has underfloor heating, air conditioning, parking space and storage room. Close to all amentias and only a short distance to the beach.