2 bedrooms Penthouse in Germasogeia, Limassol, Cyprus No. 57384

Bedrooms

Bathrooms

84 sq.m.

Square

€ 540 000

€ 6 429 / 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 new residential development is situated at the entrance to the village of Germasogeia in Limassol, with convenient and quick access to the motorway and to the city's urban infrastructure. The intimate complex comprises just 12 one- and two-bedroom apartments with comfortable, well-planned layouts.

A key feature of the project is the underfloor heating provided in the apartments, together with a solar panel system that supports energy efficiency. Residents have the use of an outdoor swimming pool and a gym, and each apartment includes its own parking space and storage room. The top-floor penthouses additionally enjoy private roof gardens.

The main features of the project and the units:

• Underfloor heating in the apartments
• Outdoor swimming pool
• Gym
• Solar panel system
• Private parking space for every apartment
• Storage room for every apartment
• Private roof gardens on the top-floor penthouses
• Quick access to the motorway and Limassol

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