Studio Apartment in Agios Athanasios, Limassol, Cyprus No. 58080

Studio

Bedrooms

35 sq.m.

Square

€ 240 000

€ 6 857 / 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 consisting of 16 apartments, offers a diverse selection of studios, 1 and 2 bedroom apartments and penthouses featuring beautiful rooftop gardens.

Nestled in a tranquil neighborhood, the project offers views of the city, mountains and the sea, making it an idyllic retreat. Residents will enjoy the convenience of being near all essential amenities while benefiting from easy access to main roads, placing them just outside the bustling Limassol city center.

This development not only enhances daily living but also presents an investment opportunity in Limassol’s thriving property market, with strong potential for capital appreciation and rental yields in this high-demand area.

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

Features

Car park

Studio

35 sq.m.

+ VAT

Studio

35 sq.m.

+ VAT

Studio

35 sq.m.

+ VAT

Studio

35 sq.m.

+ VAT