Studio Apartment in Zakaki, Limassol, Cyprus No. 57111

Studio

Bedrooms

39 sq.m.

Square

€ 199 500

€ 5 115 / 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 residential development is located in a quiet area of Zakaki and offers a selection of studios, one-bedroom, and two-bedroom apartments. The project is situated close to Paul Gauguin Park and within walking distance of MyMall, City of Dreams, and various amenities and entertainment options. Residents also have access to on-site facilities, including a gym, relaxation area, and BBQ zone.

The main features of the project and the units:

• Studios, one-bedroom, and two-bedroom apartments
• Located in Zakaki, Limassol
• Walking distance to MyMall and City of Dreams
• Close to Paul Gauguin Park
• Gym, relaxation area, and BBQ zone

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