2 bedrooms Apartment in Potamos tis Germasogeias, Germasogeia, Limassol, Cyprus No. 57824

Bedrooms

Bathrooms

97 sq.m.

Square

€ 1 850 000

€ 19 072 / 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

Elevated on the fourth floor of a 17-story modern development, this 97 m2 apartment looks out across panoramic sea views in Potamos Germasogeia.

The unfurnished interior is built to an energy efficiency category A rating, supported by underfloor heating and a central AC system. Two bedrooms connect to two bathrooms.

Shared facilities within the gated grounds include an elevator, a communal swimming pool, sauna, Jacuzzi and an equipped gym

Potamos Germasogeia forms a coastal district along the eastern side of Limassol. The built landscape combines low-rise residential blocks with contemporary seafront residential towers. Supermarkets, pharmacies, bakeries, and dining venues operate throughout the area. The local shoreline opens onto organized sandy beaches and coastal footpaths.

Project completion is scheduled for 2028. Contact Purple International Real Estate to arrange a consultation.