+ 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%

3 bedrooms Villa in Agios Georgios, Limassol, Cyprus No. 45241

3

Bedrooms

127 sq.m.

Square

Parameters

Property Description

We would like to introduce a complex of 6 modern villas, in the village of Agios Georgios, close to national park Akamas and in walking distance to Cap St. Georges Beach Club Resort. Just a few minutes drive to popular resort Coral Bay which attracts thousands of tourists each year because of its sandy beaches, variety of restaurants, bars and an entertaining nightlife. Villas are distinct in their planning and construction as well as high quality finishes. All the necessary amenities are nearby, including supermarkets, schools, medical center. Cap St. Georges is in walking distance from the complex – a resort in front of the sea with villas, which includes a variety of services and entertainment.

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

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