3 bedrooms Apartment in Deryneia, Ammochostos, Cyprus No. 52440

Bedrooms

101 sq.m.

Square

€ 247 000

€ 2 446 / 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

Set in Deryneia, a rising residential destination in the Famagusta District, this modern development boasts precise design, natural materials, and a strong focus on privacy.

Sharp lines meet earthy tones, stone elements, and aluminium louvres - a design that feels both bold and grounded.

Generous living spaces and comfortable terraces welcome natural light. Additionally, penthouses enjoy private roof gardens.

The project is located near Ammochostos General Hospital, schools, bakeries, and supermarkets, everything you need is just a step away.

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