€ 1 650 000

€ 157 / 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%

10500m2 Land in Kolossi, Limassol, Cyprus No. 46217

10500 sq.m.

Square

Parameters

Property Description

Located in the rapidly developing area of Kolossi, just minutes from the highway, this expansive 10,500 sqm plot presents a rare investment opportunity. With high demand for affordable housing, the area is attracting both developers and homeowners looking for modern living in a well-connected location. The plot is ideal for residential development, offering easy access to Limassol while benefiting from the tranquility of a suburban setting.

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