€ 520 000

€ 5 061 / 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. 55909

Bedrooms

Bathrooms

102.75 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

This new residential building offers a choice of two and three-bedroom homes, along with 3 bedroom penthouse, In a prime location and residential neighbourhood. Close by is the “City of Dreams Mediterranean”, where you can enjoy premium accommodation, restaurants, a spa, and a kids’ playground. Just a short distance away, the “Lady’s Mile” Beach presents 4.2 km of beautiful, natural sands, surrounded by trendy beach bars and restaurants. Plus, all the everyday necessities like supermarkets, pharmacies, banks, and schools are conveniently close by.