€ 260 000

€ 2 500 / 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%

3 bedrooms Bungalow in Frenaros, Ammochostos, Cyprus No. 50946

Bedrooms

Bathrooms

104 sq.m.

Square

Parameters

Property Description

The project is located in Frenaros, a quiet and traditional village in the Famagusta district, offering a peaceful setting with open countryside views while maintaining easy access to everyday amenities. Shops and public transport are approximately 300m away, schools around 400m, the beach just 8km, and the airport approximately 34km away, making the location ideal for permanent residence with convenient connections to surrounding areas.

This is a contemporary low-density residential development with modern architecture, forming a small and well-designed neighborhood. The only available bungalow is thoughtfully designed with an emphasis on functionality and comfort, featuring three bedrooms, two bathrooms (one en-suite), an open-plan kitchen–dining–living area, a covered veranda, and covered parking. It is set on a private 258 sq.m. plot with a total covered area of 104 sq.m.

The residence is built to high-quality standards with Energy Efficiency Class A+. The price includes thermal insulation, energy-efficient aluminium window frames with double glazing, ceramic flooring, granite kitchen worktops, fitted wardrobes, a solar water heater, provisions for photovoltaic panels and air conditioning, high ceilings, a central TV system, entrance gate, and connection to municipal water supply and drainage — ensuring a modern, energy-efficient, and functional home with long-term value.