€ 2 000 000

+ 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 Protaras, Ammochostos, Cyprus No. 35784

Parameters

Property Description

A nicely shaped large piece of prime real estate located in Protaras.

The plot is within T2β4 Zone and offers the following options:
- Residential development - Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters.
- Development of holiday resort, villas, apartments - Building Density at 35% with 25% Coverage, 2 floors allowed up to 10 meters.

The tranquil environment is ideal for people wishing to have a private permanent residence or a holiday home within a few minutes’ drive to numerous beaches and amenities!

A property highly recommended for viewings!