1 bedroom Apartment in Asomatos, Limassol, Cyprus No. 56391

Bedrooms

53 sq.m.

Square

€ 315 700

€ 5 957 / 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%

Parameters

Property Description

This exclusive gated complex comprises from five modern design blocks surrounded by lush greenery, boasting modern amenities with intention to offer a well-balanced lifestyle to its residents. Located near the captivating Limassol salt lake and the Lady’s Mile beach, this quiet residential area in Limassol, Asomatos promotes fine, healthy and high-quality living. A wide choice of 84 units, including studios and 1-2 bedroom apartments, with the signature high-quality finishes.

Other specifications:

• Convenience stores, tavernas and other amenities around the corner
• Covered parkings and kids playground
• High quality designer finishes included in the price
• A newly built 18-hole golf course across the road
• Solid option for both rental yield investment and permanent living.

The Project has EPC certificate with "A" Energy Efficiency Rating.

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