3 bedrooms Villa in Oroklini, Larnaka, Cyprus No. 53253

Bedrooms

135 sq.m.

Square

€ 720 000

€ 5 333 / 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 consists of 2 bungalows and 7 detached houses. The two bungalows and four of the detached houses come with swimming pool. All houses have south orientation.

Specifications:

• 3 ensuite bedrooms
• Guest WC
• Provision for underfloor heating
• Provision for a/c in all areas
• Photovoltaic panels
• Solar heated water
• 3-phase electricity power
• Granite countertops in kitchen

The complex is away from the city hustle and bustle but at the same time all the necessary amenities are only 10 minutes drive away. The area is also popular for vacations and summer holidays.

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