€ 921 120

€ 11 233 / 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%

2 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 5922

Bedrooms

Bathrooms

82 sq.m.

Square

Parameters

Property Description

A spacious 2 bedroom apartment in a residence within a walking distance to the sea front , with a contemporary stylish design. It is on the 14th floor of a 25 story building. The residence will provide a dedicated concierge service with private amenities of leisure such as , gym, relaxation room and other facilities to make the tenants life more pleasurable. Based within a walking distance to the beach and close to many amenities makes this property a great investment opportunity as it is an area of high demand as for locals as for foreign investors.