4 bedrooms Villa in Fasoula, Limassol, Cyprus No. 51748

Bedrooms

165 sq.m.

Square

€ 590 000

€ 3 576 / 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

A collection of six independent modern design villas located in the area of Fasoula, offering convenient access to the city of Limassol.

Perfectly positioned to combine privacy, tranquility and connectivity, this new development offers living experience in one of Limassol’s most desirable residential areas.

Each villa features:

• Private swimming pool
• Spacious roof garden
• Contemporary architectural design
• High-quality construction and modern finishes.

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