+ 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%

2 bedrooms Apartment in Sotira, Ammochostos, Cyprus No. 26312

2

Bedrooms

2

Bathrooms

80.8 sq.m.

Square

II quarter, 2023

Completion date

Parameters

Property Description

It is a newly built apartment complex, comprising of just six apartments on two levels. The development is located in a quiet residential area of Sotira village, with easy access to a wide range of amenities such as shops, restaurants and banks. The building has been designed with the modern way of life in mind, offering a wide range of features such as double-glazing, low energy glass doors, pressurized water system and en-suite facilities in every apartment. Large windows and floor to ceiling doors bring light inside the modern, open plan interiors, creating a pleasant feeling of openness. Luxurious, high quality finishes are used throughout each apartment from the state-of-the-art kitchen, to the spacious living room, dining area and bedrooms.  Sotira was founded in the Byzantine period. Important sights include the church dedicated to Metamorphosis tou Sotiros (Transfiguration of Jesus Christ), a significant Medieval monument, and the Ecclesiastical Museum. Sotira has a variety of traditional taverns, coffee shops, boutiques, and banks. An International School is just a 5 minute drive away, in the nearby town of Paralimni. The cosmopolitan resort of Ayia Napa with the blue flag beaches, is also just a 5 minute drive away, while Protaras with its famous Fig Tree Bay is a 10 minute drive away. The beautiful Agia Thekla Beach, popular for the white sand and turquoise waters, is just a 6km drive away from Indigo Residence. The construction of Ayia Napa Marina and a brand new 5 star resort has helped transform the area to a prime location for local and international investors. Newly Built, Provisions for Air-Conditioning System, Allocated Storage Rooms, Energy Efficient Building Double Glazed Windows, Solar Water Heating System, Open Plan Living/Kitchen & Dining area, Thermal Insulation System, Fitted Kitchen & Fitted Wardrobes Energy Efficient Building, Allocated Covered Private Parking Spaces, Roof Terrace for Penthouses, Granite Kitchen Worktops, Country Views, High Quality Finishes, En-suite Facilities, Modern Design, Walking Distance to Amenities, Ceramic Flooring, Private Balconies, Pressurized Water System, Double Glazed Low Energy Glass Windows In All Areas Pipe in Pipe Plumbing,Modern Design

Features

Veranda

Veranda

Car park

Car park

2 bedrooms Apartment in Sotira, Ammochostos, Cyprus No. 26312

2 bedrooms Apartment in Sotira, Ammochostos, Cyprus No. 26312

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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