1 bedroom Apartment in Limassol, Cyprus No. 57004

Bedrooms

50 sq.m.

Square

€ 384 500

€ 7 690 / 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 club-type project consists of 14 apartments and is located in the most popular area of Limassol - Potamos Germasogeia. This modern complex is designed for living off the coast and combines all the conditions for a Mediterranean lifestyle in an urban environment.

The planning solutions include 1 and 2 bedroom apartments with large balconies and 3 bedroom apartments with spacious covered verandas. All apartments are finished with premium materials.

The location has a developed infrastructure: various shops, cafes and restaurants, school and kindergarten are within a few minutes drive while the best city beach Dasoudi is within 15 minutes walk from the project.

Other features of the development:

• Controlled entry
• Swimming pool and relaxation area
• Covered parking
• Landscape design
• Storage rooms
• Video surveillance system
• Gated complex

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