€ 295 000

€ 3 598 / 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 Limassol, Cyprus No. 56288

Bedrooms

Bathrooms

82 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

Property Description

This flat is located in the area of Zakaki, just a 3-minute drive distance from all type of amenities.
The residential building consists of six, 2-bedroom apartments. It is situated on peaceful residential area. Moreover the area is considered as the best upcoming area due to a numerous mega projects such as Casino and golf. Each flat offers a covered parking space, along with a storage room.
The entire residential building is under construction and it will be delivered in October of 2025.