21/08/2026
Something worth knowing before you compare new developments in Limassol.
α Residence offer a 5% VAT rate. But what that 5% actually covers is very different.
New developments launched after October 2023:
→ 5% VAT applies to the first 130 sq.m. only
→ The reduced rate is capped at a property value of €475,000
→ Above €475,000? The full 19% rate applies to the entire purchase
α Residence — confirmed by the Cyprus Tax Department:
→ 5% VAT on the first 200 sq.m.
→ No price ceiling on the reduced rate
Construction is on schedule. Permits in hand. Delivery Q3 2027.
7 boutique apartments in Katholiki, Limassol. From €315,000.
Message us for a full breakdown, floor plans, and availability.
bluenautilusprojects.com
Speak to your accountant or legal advisor to confirm how the VAT regime applies to your specific purchase.