€ 420 000

€ 4 242 / 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%

2 bedrooms Penthouse in Ypsonas, Limassol, Cyprus No. 56181

Bedrooms

Bathrooms

99 sq.m.

Square

Parameters

Property Description

Property development of a modern apartment block. Two-bedroom apartments, with parking space and storage room, the new block will be situated in the fantastic area of Ypsonas, within a few minute’s access to the highway to cities like Paphos, Larnaka, and Nicosia. Ypsonas, a suburb of Limassol combines both nature views and a quick hop to the center of Limassol! This lovely apartment is the ideal choice for those who are seeking investment opportunities!