€ 4 450 000

+ 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%

Land in Ayia Napa, Ammochostos, Cyprus No. 35778

Parameters

Property Description

A truly unique plot of land in an exclusive seafront location, adjacent to a lovely sandy beach and the prestigious new marina in Ayia Napa!!

The plot is fully licensed for construction of 4 detached high luxury villas offering the opportunity for a great return on investment once developed.

Located in one of the most beautiful locations of Cyprus with major investments in progress!!!