€ 30 000 000

€ 785 / sqm

+ 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%

38197m2 Land in Pano Platres, Limassol, Cyprus No. 26222

38197 sq.m.

Square

Parameters

Property Description

Land in Platres- a unique development opportunity in a beautiful location with spectacular views! The project comprises 38,197 sq. m of buildable land divided into 30 individual plots ranging from 1,004 sq. meters to 2,170 sq. meters. Features:Title Deeds ; Electricity and mountain water; Privacy, large territory and prestige living ; An exclusive area with brand new roads, pavements and infrastructure. Building density: 15%. Coverage factor: 15%. Zone: H7