2 bedrooms Apartment in Kato Polemidia, Limassol, Cyprus No. 58201

Bedrooms

Bathrooms

78 sq.m.

Square

€ 315 000

€ 4 038 / 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 boutique residential complex of twelve one- and two-bedroom apartments stands in Polemidia, one of the growing residential areas of Limassol. Elevation: three floors. The layouts are open-plan, with the kitchen, living and dining areas combined and opening onto generous covered verandas that bring daylight deep into every apartment.

Each apartment has its own storage room and covered parking. Every two-bedroom apartment on the second and third floors is allocated two registered parking spaces.

The area gives quick access to the motorway and to the centre of Limassol. The general hospital, schools, supermarkets and everyday services are all within easy reach, which makes the location comfortable both for families and for those working in the city.

The main features of the project and the units:

• Open-plan kitchen, living and dining areas
• Covered verandas of 10 to 21 m²
• One-bedroom apartments of 60 m² and two-bedroom apartments of 98–99 m²
• Storage room for every apartment
• Covered parking
• Two registered parking spaces for each two-bedroom apartment on the second and third floors
• Three floors, twelve apartments in total

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