€ 1 200 000

+ 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%

Land in Agios Tychonas, Limassol, Cyprus No. 48475

Parameters

Property Description

A residential plot with a total area of 2,000 square meters is available for sale in the Agios Tychonas area. A planning permit has been issued for the construction of two detached houses. The plot is located within the Residential Planning Zone, which allows a building density of 50%, coverage of 30%, up to 2 floors, and a maximum building height of 8.3 meters.

Landscape works have been completed, and the plot is ready for the commencement of construction.

The main features of the plot:

• Residential plot of 2,000 m² in Agios Tychonas
• Planning permit issued for 2 houses
• Located in Residential Zone
• Building density: 50%
• Coverage: 30%
• Maximum height: 8.3 m
• Up to 2 floors allowed
• Landscape works completed
• Ready for construction

Verified property

Land in Agios Tychonas, Limassol, Cyprus No. 53648

Verified property

Land in Oroklini, Larnaka, Cyprus No. 53973

Verified property

Land in Ypsonas, Limassol, Cyprus No. 55041

Verified property