3 bedrooms Villa in Pervolia, Larnaka, Cyprus No. 58418

Bedrooms

130 sq.m.

Square

€ 405 000

€ 3 115 / 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 new residential development in Pervolia, Larnaca, with 74 new build homes.

The villas feature 2 and 3 bedrooms, spacious terraces and the option to include a private swimming pool. Each villa is arranged over two floors, offering:

• An open-plan living area with a modern kitchen
• Separate laundry area and guest WC
• En-suite master bedroom with dressing room
• Elegant floating staircase
• Private garden and terrace
• Optional private pool

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