3 bedrooms Villa in Armenochori, Limassol, Cyprus No. 53331

Bedrooms

594 sq.m.

Square

€ 4 870 000

€ 8 199 / 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

A private enclave of luxury villas set on the hillsides of one of Limassol's most sought-after coastal addresses.

The development brings together contemporary architecture, natural materials, and thoughtfully designed outdoor spaces - each villa with its own pool, terraced garden, and unobstructed views of the surrounding landscape.

Residences are finished with natural stone, timber, and marble throughout, and equipped with KNX smart home systems, private gyms, saunas, and wine cellars.

Five minutes from five-star resort infrastructure, ten minutes from Limassol.

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