2 bedrooms Apartment in Deryneia, Ammochostos, Cyprus No. 53251

Bedrooms

78 sq.m.

Square

€ 230 000

€ 2 949 / 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 residential building is located in one of the quietest areas of Deryneia, next to the municipal amphitheatre and overlooking Famagusta. It has an easy access to all the services and is also just a few minutes away from Paralimni.

Main features:

• Contemporary design
• High quality of materials
• Covered private parking
• 4 km from Kapparis Beach

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