Sakura Residence Qualifies for the 5% VAT Without Size or Value Limits
When buying new property in Cyprus, VAT plays a major role in your total investment. Most buyers can access a reduced 5% VAT rate, but only under strict conditions: up to 130 sqm, on the first €350,000, and with a total property value capped at €475,000. Anything above these limits is taxed at 19% VAT.
Sakura Residence is one of the few developments in Cyprus that is not restricted by the new VAT rules.
This means you can purchase a larger, more spacious apartment, well above 130 sqm and €475,000, while still benefiting from the reduced 5% VAT rate.