6 bedrooms Villa in Protaras, Ammochostos, Cyprus No. 58430

Bedrooms

202 sq.m.

Square

€ 5 500 000

€ 27 228 / 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

This Resort consists of 41 villa, located on the famous beach of Konnos and Cape Greco National Park. The Resort is an electronically controlled, gated project, designed to maintain tranquility for its residents. It has an underground car access and parking, isolating the project from traffic congestion and noise. In the basement, the space is dedicated for a private spa, gym and a recreational room in which a pool table or other gaming and recreational facilities can be located. The Club House will include a Lobby-Reception-Mini Market-SPA-Cafe Restaurant Bar. A three floor building will include basement, ground floor, first floor and a roof terrace.

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