1 bedroom Apartment in Deryneia, Ammochostos, Cyprus No. 58783

Bedrooms

Bathrooms

50 sq.m.

Square

€ 135 000

€ 2 700 / 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 four-storey residential building — ground floor and three upper floors — with apartments overlooking the bay in Deryneia, on the east coast of Cyprus, a short drive from the sea. The project offers one- and two-bedroom apartments and a three-bedroom ground-floor apartment, all with verandas; the top-floor apartments have larger verandas, and one of them has a private roof garden. Every apartment has a parking space, and most come with a storage room. Designed for owner-occupancy, seasonal use or investment.

The main features of the project and the units:

• One-, two- and three-bedroom apartments
• Covered verandas of 10–35 m²
• Top-floor apartment with a roof garden of 80 m²
• Panoramic bay views
• Four storeys: ground floor and three upper floors
• Parking space for every apartment
• Storage room with most apartments

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