3 bedrooms Penthouse in Ypsonas, Limassol, Cyprus No. 58728

Bedrooms

110 sq.m.

Square

€ 725 000

€ 6 591 / 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 charming boutique residential development in a peaceful Limassol suburb, offering a selection of apartments and penthouses.

Each unit comes with a covered veranda, dedicated storage, and parking, while penthouses feature private roof gardens for outdoor living and entertaining.

With pleasant city views and easy access to the sea, schools, shops, and healthcare, the project is an ideal choice for comfortable, everyday living.

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