3 bedrooms Villa in Kalavasos, Larnaka, Cyprus No. 52615

Bedrooms

107 sq.m.

Square

€ 295 000

€ 2 757 / 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

This development consists of three modern detached houses on a spacious plot and offers excellent value in one of the most promising areas of the Limassol district, Kalavasos.

Specifications:

• Only 20 minutes from Limassol
• Quiet residential location with excellent access to the highway
• High demand for quality housing in the area
• Strong potential for capital appreciation
• Ideal for both investors and end users.

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