2 bedrooms Apartment in Zakaki, Limassol, Cyprus No. 58464

Bedrooms

Bathrooms

85 sq.m.

Square

€ 275 000

€ 3 235 / 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

A three-storey residential building of ten apartments in Zakaki, the westernmost part of Limassol. The building offers studios and one- and two-bedroom apartments on three floors; each apartment has a balcony, a private parking space and a storage room. A compact, low-rise format in an established residential neighbourhood with quick access to the city and the Limassol ring road.

The main features of the project and the units:

• Low-rise building of only ten apartments
• Studios and one- and two-bedroom apartments
• Balcony with every apartment
• Private parking space and storage room with every apartment

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