+ 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 Limassol, Cyprus No. 28976

4

Bedrooms

2

Bathrooms

140 sq.m.

Square

Parameters

Property Description

8 Houses available for sale in Souni area. Each house consist of 4 bedrooms and 2 bathrooms. Ground floor - 75m2 - Upper floor – 65m2 – Total – 140m2, Plot - 375m2.Below is a list of what Is included in the price:1. Solar and electric water heating system housed in external shed.2. 1m paving around the house.3. Top soil garden preparation.4. Air conditioning in all rooms.(split units).5. Preparation for heating system with radiators (electrical).6. Provision for installation of photovoltaic panels.7. Metal railings around the plot8. Pergola 3m x 6mThe houses will be completely stone builtDelivery: 12 months’ from the day of signing a contract of sale.A planning permit has been obtained and all houses can acquire a rate of 5% VAT.

Features

Veranda

Veranda

Statistics

€ 4 788

Price per sq.m.

158

Quality of Life Index

66

Cost of Living Index

Choose a city for comparison

Parameters

Limassol

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 1 454

Apartment (1 bedroom) Outside of Centre

€ 1 225

Apartment (3 bedrooms) in City Centre

€ 2 337

Apartment (3 bedrooms) Outside of Centre

€ 1 835

Buy Apartment Price

Price per square metre in the city centre

€ 4 788

Price per square metre outside the city centre

€ 3 524

4 bedrooms Villa in Limassol, Cyprus No. 28976

4 bedrooms Villa in Limassol, Cyprus No. 28976

Features

Indoor facilities

Veranda

Veranda

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