2 bedrooms Apartment in Kato Polemidia, Limassol, Cyprus No. 57028

Bedrooms

Bathrooms

78 sq.m.

Square

€ 270 000

€ 3 462 / 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

A compact building of six apartments stands in a residential district that spreads up the hillside north-west of Limassol. The apartments are arranged two to a floor across three levels.

All six share the same layout: two bedrooms, two bathrooms, 78 m² of interior space, a covered veranda of 22 m² and one parking space. What separates them is elevation — the two third-floor apartments each add a roof garden of 40 m², which lifts their total area to 140 m² and gives the top level a private outdoor room.

Every apartment includes a storage room. The district suits buyers who want Limassol without the prices of the coastal strip: schools and everyday shopping sit inside the neighbourhood, and the motorway junction is a few minutes away.

The main features of the project and the units:

• six apartments, two per floor across three levels
• two-bedroom, two-bathroom layouts with 78 m² of interior space
• covered verandas of 22 m² for every apartment
• roof gardens of 40 m² for the two third-floor apartments
• a parking space for every apartment
• a storage room for every apartment
• schools and everyday shopping within the district, motorway junction a few minutes away

The project has an EPC certificate with "A" energy efficiency rating.