3 bedrooms Villa in Parekklisia, Limassol, Cyprus No. 52570

Bedrooms

156 sq.m.

Square

€ 730 000

€ 4 679 / 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

Experience exclusive hillside living in this development of just nine detached villas, located in Parekklisia. Each 3 bedroom residence features bright, open layouts, garage and expansive covered verandas.

Built to the highest standards, these homes offer an eco-friendly rating, a 3 kWp solar power system and ready-to-use smart home provisions.

Flexible Upgrades: Private pool and basement options available on request.

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