€ 6 070 614

€ 21 527 / 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%

4 bedrooms Penthouse in Germasogeia, Limassol, Cyprus No. 6282

Bedrooms

Bathrooms

282 sq.m.

Square

Parameters

Property Description

A luxury residential development, a hidden gem in the heart of Limassol designed at a standard like no other, honoring the heritage behind the island’s first boutique hotel and offering bespoke luxury living with private access to the sandy beach.
Luxuriously appointed layouts with vast open living spaces, sunlit terraces with stunning views over the beach and the Mediterranean sea, Master Suites with opulent dressing areas and luxurious en-suite, even details of copper and gold tones mimicking the effect of the Cypriot sun caressing the gentle waves of the sea.
Open living spaces with floor-to-ceiling windows allow uninterrupted sea views and unique Mediterranean light – an inspiration to generations of artists – to fill the rooms, blurring the boundary between interior and exterior.
As one of the few VAT-exempt real estate opportunities in Limassol – Cyprus’s prime property hot spot, buyers at this project can take advantage of this financial incentive to maximize their purchasing power.
With modern amenities focused on wellness & technology and finished to the highest standards with emphasis on security, Residents own an asset that is protected wherever they are in the world.