+ 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 Bungalow in Polis, Paphos, Cyprus No. 25827

3

Bedrooms

4

Bathrooms

150 sq.m.

Square

Parameters

Property Description

This development at Kritou Terra is specifically designed for the discerning client who wishes to enjoy a peaceful rural location, with incredible panoramic views down towards the sea with the Troodos Mountains in the background, while only being within a few minutes’ drive of local shops and tavernas. These luxurious properties are built to the highest specification and afford the opportunity to work hand in hand with our architects to create the home of your dreams. A range of villa designs available on large plots of over 2,500 square metres providing peace and quiet and complete privacy at exceptional value with title deeds available immediately. Kritou Terra is located in a hillside valley on the outskirts of the historic village of Kritou Terra with sweeping views of the sea and the snow-topped Troodos Mountains. It is only a 20-minute drive from Paphos and a 10- minute drive to the sandy beaches of Polis and Latchi marina. The village is blessed with the same healing waters that flow in the neighboring famous Ayii Anargyri resort. These mineral-rich waters provide a rich ecosystem to where The Cyprus Environmental Studies Centre is located. Kritou Terra was also home to Cyprus’ first casino, built in 1870 -- where the King of Egypt once visited.

Features

Car park

Car park

3 bedrooms Bungalow in Polis, Paphos, Cyprus No. 25827

3 bedrooms Bungalow in Polis, Paphos, Cyprus No. 25827

Features

Outdoor features

Car park

Car park

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