+ 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%

4 bedrooms Villa in Ayia Napa, Ammochostos, Cyprus No. 47682

4

Bedrooms

145 sq.m.

Square

Parameters

Property Description

This residential project is located in Ayia Napa, just 1 km from the beaches and close to one of the largest water parks in Cyprus and the Marina of Ayia Napa. It includes a total of 15 detached houses: 6 in Phase B and 9 in Phase C, each offering 4 bedrooms. The houses feature modern architectural design with functional, comfortable spaces.

The main features of the project and the units:

• 15 detached 4-bedroom houses
• Modern architectural design
• Functional and comfortable interiors
• Open-plan layout
• Private pools in each house
• BBQ benches
• Double covered and double uncovered parking spaces
• 4 bedrooms with en-suite or shared bathrooms
• Extra shower on the ground floor

The project has an EPC certificate with “A” energy efficiency rating.

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