+ 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%

4 bedrooms Villa in Larnaca, Larnaka, Cyprus No. 26509

4

Bedrooms

4

Bathrooms

218.6 sq.m.

Square

Parameters

Property Description

A modern, luxury, detached villa located in a quiet green area on Dekelia road, walking distance from one of the many Blue Flag beaches that can be found here. The property comes with luxurious finishes, covering the needs of today’s family for a well sized home that is close to all amenities, factors that contribute to a higher standard quality of life.The villa is made up of three living levels the ground floor, first floor and roof garden. Sea views from all floors and bedrooms! The ground floor hosts the open plan kitchen and living room, 1 ensuite bedroom and guest wc.The remaining 3 ensuite bedrooms (master with walk-in closet) can be found on the first floor, all with sea view. There is also a small kitchenette/laundry area.From this level there is access to the substantial roof garden, with full sea view and sink/bbq area, to enjoy Cyprus’s climate that favors outdoor living. Externally there is a huge garden area and an overflow swimming pool. Location benefits: 500m from Blue Flag beach Most sought after area of Larnaca offering many amenities 10 mins drive to Larnaca town centre and Finikudes promenade. Easy access to high standard educational facilities such as UCLAN and American University (5 mins drive), American Academy and Med High (15 mins drive) 15 mins drive to Larnaca International Airport. Easy access to highway linking all major towns in Cyprus.Huge land opposite belongs to the Church, meaning that it will not be constructed, thus maintaining the “openness” of the area. A 25% build factor is imposed in the area, thus eliminating the possibility for blocks of flats to be constructed in the future and enclosing the property. Class A energy efficiency. Asset is free of mortgage therefore title deeds are guaranteed.

Features

Veranda

Veranda

Car park

Car park

Swimming pool

Swimming pool

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

4 bedrooms Villa in Larnaca, Larnaka, Cyprus No. 26509

4 bedrooms Villa in Larnaca, Larnaka, Cyprus No. 26509

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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