3 bedrooms Bungalow in Ayia Napa, Ammochostos, Cyprus No. 58687

Bedrooms

Bathrooms

101 sq.m.

Square

€ 285 000

€ 2 822 / 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 residential development is located in the village of Frenaros, offering a peaceful countryside setting combined with convenient access to everyday amenities. The project consists of five modern bungalows designed for comfortable living in a quiet and well-established community. The location provides a calm atmosphere with open country views, making it suitable for both permanent residence and investment purposes.

The bungalows feature contemporary architecture with bright and spacious interiors, open-plan kitchen and living areas, and quality finishes throughout. Outdoor spaces such as private gardens and courtyards enhance the sense of privacy, while the overall layout supports a relaxed lifestyle close to shops, cafés, recreational areas, and main road connections.

The main features of the project and the units:
• Five bungalows
• Located in Frenaros
• Country views
• Quiet residential area
• Modern design
• Open-plan kitchen and dining areas
• Spacious interiors
• Private gardens and courtyards
• High ceilings
• Covered parking
• Optional swimming pool
• Fitted wardrobes
• Granite countertops
• Guest WC
• Double glazing
• Sound insulation
• Easy access to main roads
• Close to amenities and bus routes