€ 475 000

€ 5 864 / 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%

2 bedrooms Apartment in Ayia Napa, Ammochostos, Cyprus No. 50223

Bedrooms

81 sq.m.

Square

Parameters

Property Description

A boutique development in Ayia Napa, offering a limited number of residences and quiet residential living.

The project consists of only 3 apartments. A standout feature of these residences is the private access from one of the balconies to their own dedicated roof garden space, featuring a BBQ area, outdoor shower and private jacuzzi-pool.

The project is an exceptional choice for end-buyers seeking a permanent home or luxury holiday residence, as well as investors looking for strong long- or short-term rental potential and long-term value in one of Cyprus’ most sought-after coastal locations.

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