+ 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%

2 bedrooms Townhouse in Kiti, Larnaka, Cyprus No. 49088

2

Bedrooms

2

Bathrooms

83 sq.m.

Square

Parameters

Property Description

A new residential project in the Kiti area, ideally located on the main street with easy access to all essential amenities. The development features three double-story houses with two bedrooms and two double-story houses with three bedrooms.

Each home is designed for comfortable living, with a functional layout and modern construction standards. The project is fully licensed, ensuring a secure investment in a well-connected neighborhood.

The main features of the project and the units:

• Licensed residential development
• Three 2-bedroom double-story houses
• Two 3-bedroom double-story houses
• Prime location with access to schools, shops, and main roads
• Modern design and construction standards

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

Features

Car park

Car park

Similar Property

215 000

2 Bedrooms

2 Bathrooms

83 sq.m.

+ VAT

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2 bedrooms Townhouse in Kiti, Larnaka, Cyprus No. 52123

215 000

2 Bedrooms

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83 sq.m.

+ VAT

199 000

2 Bedrooms

2 Bathrooms

83 sq.m.

+ VAT

Verified property

2 bedrooms Townhouse in Kiti, Larnaka, Cyprus No. 52118

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Features

Outdoor features

Car park

Car park

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