4 bedrooms Villa in Protaras, Ammochostos, Cyprus No. 58780

Bedrooms

Bathrooms

168 sq.m.

Square

€ 700 000

€ 4 167 / 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

An exclusive development of four luxury villas in Pernera, within walking distance of the popular beaches and attractions of Protaras. Each villa has four bedrooms and four bathrooms, a private swimming pool, covered verandas and a roof garden, with high-end finishes throughout, in a peaceful seaside setting.

The main features of the project and the units:

• Sea views
• Four bedrooms and four bathrooms
• Internal area 168 m²
• Private swimming pool
• Roof garden 46 m²
• Covered verandas 49–52 m²
• High-end finishes
• Plots of 376–387 m²
• Parking space for every villa

The project has an EPC certificate with "A" energy efficiency rating.