€ 460 000

€ 4 842 / 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 Agios Ioannis, Limassol, Cyprus No. 55817

Bedrooms

Bathrooms

95 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

3 bedroom Penthouse apartment for sale located in a quiet area in the city center in Agios Ioannis. It has an internal area of 96m2, 23m2 covered verandas, and 21 m2 roof garden. It will have provisions for A/C, electrical heating, and electrical shutters, solar panels with pressure system, intercom camera, thermal insulation with energy performance A+, provisions for photovoltaic system on roof. It will include a covered parking and storage. Delivery expected Dec. 2024.