4 bedrooms Townhouse in Pissouri, Limassol, Cyprus No. 51875

Bedrooms

169 sq.m.

Square

€ 715 000

€ 4 231 / 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 is nestled on the highest hilltop of Pissouri village overlooking Pissouri Bay, next to Pissouri National Century Park.

The project comprises of 25 two and three bedroom villas together with 13 two and three bedroom bungalows. All units cater open plan living, dining and kitchen areas with private swimming pool surrounded with extensive outdoor patio and gardens.

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