3 bedrooms Villa in Monagroulli, Limassol, Cyprus No. 51692

Bedrooms

221 sq.m.

Square

€ 715 000

€ 3 235 / 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%

Parameters

Property Description

The project consists of 6 luxury villas in Monagroulli, Limassol. Each villa has a spacious plot, and includes 3-4 bedrooms, a guest bathroom, an infinity pool, a terrace with a barbecue area, and a poolside pavilion. The villas are equipped with a smart home system, underfloor heating, electric sun blinds, a surveillance system, and an alarm. Two suites feature en-suite bathrooms and walk-in closets. With modern design, high-quality construction, and stunning views of the mountains and the sea, these villas are perfect for permanent residences or holiday retreats.

Only 5% VAT is payable on the villas!

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