€ 4 060 000

€ 34 814 / 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 Parekklisia, Limassol, Cyprus No. 8299

Bedrooms

Bathrooms

116.62 sq.m.

Square

Parameters

Property Description

For sale: Modern apartment under construction, offering 116.62 m2 of internal living space. Located on the 2nd floor of a five-story building with elevator access, this home features three comfortable bedrooms and two stylish bathrooms, designed for family comfort and convenience.

Set within a secure, gated complex, residents will enjoy excellent on-site facilities, including a communal swimming pool and a fully-equipped gym. Experience year-round comfort with underfloor heating throughout the apartment. Large windows invite natural light and frame stunning sea views, making this property extra special. The building's prime seafront location ensures the Mediterranean is just steps away from your door.

Situated in the sought-after area of Parekklisia, the apartment is conveniently close to supermarkets, shops, and services. Parekklisia is known for its peaceful coastal lifestyle, beautiful beaches, and easy access to green spaces, all while remaining well connected to urban centers.

Completion is set for 2027, making this a fantastic opportunity to secure a modern home in an exclusive area. For more information and to arrange a viewing, contact Purple International Real Estate today.