€ 1 850 000

€ 6 955 / 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%

5 bedrooms Villa in Latsia, Nicosia, Cyprus No. 43826

Bedrooms

266 sq.m.

Square

Parameters

Property Description

The house is of 5 bedrooms, two of which are en-suite, an open-plan kitchen and living room area, large yard, parking for two cars and a boiler/storage room. Whereas the three main bedrooms, including the en-suite master bedroom, are situated on the top floor, the fourth – visitor’s – bedroom is allocated on the ground floor, however it is completely separate and independent from the rest of the common use areas.

The property is situated in Latsia municipality, close to General Hospital, The Mall of Cyprus and many amenities, with easy access to Larnaca motorway.

The Project has EPC certificate with "A" Energy Efficiency Rating.