€ 620 000

€ 5 167 / 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%

3 bedrooms Apartment in Germasogeia, Limassol, Cyprus No. 6239

Bedrooms

Bathrooms

120 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

Property Description

A beautiful, brand new project set in Germasogeia overlooking Limassol’s coastline. The building consists of just 10 apartments, all of which enjoy beautiful views. All materials including tiles and sanitary ware are of the highest quality, photovoltaics will be placed in the common areas, the building will have energy efficiency with the highest-class A, all of which make the apartments an excellent property choice and valuable investment. The ground floor apartment has its own private, large garden, and one covered parking space.