1 bedroom Apartment in Agios Athanasios, Limassol, Cyprus No. 57373

Bedrooms

65 sq.m.

Square

€ 235 000

€ 3 615 / 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 brand-new development in a quiet residential area of Agios Athanasios, close to all amenities, banks, business offices. The complex is just 2 minutes drive to the highway and yet only 15 minutes drive to the Mediterranean Sea.

All of the apartments will be constructed to the highest standards using the latest techniques and the quality building materials with high end finishes.

The complex will have a modern external design. All apartments will be provided with a private parking as well as the communal swimming pool.

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