Limassol flat, €510,000, 140 m²

What happens when a new build is slightly above the hard VAT value cap: the reduced rate disappears entirely and the standard rate applies to the whole price.

Why this one is interesting

This is the most expensive mistake in the market. The property is only modestly above the value cap, but the relief is all-or-nothing, so the VAT bill jumps by tens of thousands rather than by a proportionate amount. A negotiation that brought the price under the cap would pay for itself many times over.