€ 650 000

€ 1 316 / 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%

12 bedrooms Building in Agios Pavlos, Limassol, Cyprus No. 54267

Bedrooms

494 sq.m.

Square

Parameters

Property Description

A recent valuation to justify the sale price was prepared by a formal and approved evaluator. Available to serious buyers.
Details:
• The building consists of four, 3 bedroom flats (4) . One of them is still under construction, and two
ground floor Shops (2)
• It has a large Basement (1).
• A Title for the plot is available.
• Plot size: 586 SQM
• There is no final approval /or separate titles for the flats or shops, although the building has building
permits. You need to do the procedure again and adjust the building accordingly.
• Condition of the building: This building was built using high quality materials and stands strong for its age. A renovation is highly advisable.