€ 272 000

€ 8 047 / 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%

Studio Apartment in Ayia Napa, Ammochostos, Cyprus No. 30131

Studio

Bedrooms

Bathrooms

33.8 sq.m.

Square

III quarter, 2023

Completion date

Parameters

Property Description

The Hotel Apartments is located in the vibrant center of Ayia Napa, an area well known as the main touristic hub of Cyprus. Currently, the project is an existing two floor building which is to be fully renovated to a high-standard service apartments. The design and orientation of the building will offer to the residents and visitors uninterrupted sea views.PROJECT FEATURES- 28 high-standard serviced apartments- Studios and 2-bed suites- Entrance lobby- Breakfast area with stunning sea view Ι> Leisure facilities- Outdoor pool- Kiosk/bar- Landscaped Gardens“Under study – estimated energy performance category [A]”

Features

Car park