Land in Koili, Paphos, Cyprus No. 58772
€ 1 680 000
+ VAT
+ 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.
Parameters
Property Description
A freehold building plot of 7,358 m² in a cliff-top position in the village of Koili, north of Paphos, with panoramic views of the sea, the coast towards Coral Bay and the mountains. The land is in residential zone H4 with a building coefficient of 40%, infrastructure in place and a concept study for custom-designed residences: two- to five-bedroom villas and bungalows can be built, and the design can be repurposed. The elevated site lies above the humidity level and enjoys cool summers. An 18-hole championship golf course and a resort village with a club are five minutes away, the town centre and the old town ten minutes, the tourist area, the future marina and the airport fifteen minutes, Coral Bay beach eighteen.
The main features:
• Plot of 7,358 m², freehold
• Residential zone H4, building coefficient 40%
• Infrastructure in place; concept study for custom-designed villas and bungalows (two to five bedrooms)
• Cliff-top position with panoramic sea and mountain views
• Elevated location above the humidity level
• Golf course and resort village 5 minutes, town centre 10 minutes, tourist area and airport 15 minutes, Coral Bay beach 18 minutes
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