€ 1 300 000

€ 7 429 / 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 Pyla, Larnaka, Cyprus No. 45028

Bedrooms

175 sq.m.

Square

Parameters

Property Description

These two villas are located in the Tourist area of Larnaca (the Northern part of the city), in walking distance to the sea. Each villa will be individually designed with the option for a private swimming pool. They will have double parking area, private gardens. The villas will consist of 5 bedrooms (+ extra room) and will have sea and mountain views.

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