€ 5 445 000

+ 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%

Building in Germasogeia, Limassol, Cyprus No. 55743

Parameters

Property Description

The building is a three story complex, hosting three apartments on each floor. Modern design, open plan spacing with underfloor heating and air condition (split system units) provisioned. The bedrooms have electric shutters on their windows installed. Covered parking space, a common swimming pool as a kids playground.
Located in a high demand area, as of the safety as of the five star amenities you can find in the area, its a great investment opportunity.

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+ VAT

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IV quarter, 1985

435 sq.m.