5 bedrooms Villa in Protaras, Ammochostos, Cyprus No. 53254

Bedrooms

295 sq.m.

Square

€ 2 950 000

€ 10 000 / 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 4 luxury villas, each with 3 floors and 4 large bedrooms. The architectural concept consists of natural materials such as wood and stone with blends into the surrounding environment.

The villas are situated in generous seafront plots providing spectacular uninterrupted views of the sparkling Mediterranean. Gated for ultimate privacy, the villas feature high-end finishes such as heated swimming pools, fireplaces, and large landscaped gardens.

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