2 bedrooms Apartment in Limassol, Cyprus No. 58084

Bedrooms

78 sq.m.

Square

€ 650 000

€ 8 333 / 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

Entire building comprised of 8 apartments in the prestigious Columbia, Germasogeia Area in Limassol.

The project presents a perfect opportunity for investment as a high yielding rental asset (annual rental income €262.800).

Building Specification:

• 4 x Two-Bedroom Apartments
• 2 x One-Bedroom Apartments
• 2 x Two-Bedroom Penthouses (with private roof gardens)
• Parkings: 9
• Not for primary residence or for re-sale
• NO VAT or TRANSFER FEES are applicable! "Plot is under an SPV".

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

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

Verified property

2 Bedrooms

2 Bathrooms

IV quarter, 2029

78 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

78 sq.m.

+ VAT

2 Bedrooms

78 sq.m.

+ VAT

2 Bedrooms

78 sq.m.

+ VAT