09/10/2026
✅ CONFIRMED: 5% VAT APPROVAL FOR ELIGIBLE α RESIDENCES PURCHASERS
We are delighted to share excellent news for prospective homeowners considering α Residences.
The Cyprus Tax Department has confirmed to our existing clients applied for reduced rate, the eligibility of qualifying residences within α Residences for the reduced 5% VAT rate, providing a significant advantage to eligible purchasers.
🏡 What does this mean?
✅ Our eligible buyers enjoyed from 5% VAT on their residences with a buildable area under 200m² (based on the applicable planning coefficient).
✅ There was no selling price limitation applied under the approved framework.
✅ Significant saving gained for their premium city-centre Homes.
✅ The submission period for the required declaration remains available until 31 December 2026.
This confirmation further strengthens the unique position of α Residences, a boutique development of just seven exclusive apartments in the heart of Katholiki, Limassol.
More than an apartment purchase, it is an opportunity to combine prime location, quality construction and a valuable tax advantage that is increasingly rare in today's market.
📩 Contact us to learn more about the available residences and assess your eligibility before 31 December 2026.