2 bedrooms Bungalow in Ayia Napa, Ammochostos, Cyprus No. 58799

Bedrooms

Bathrooms

92 sq.m.

Square

€ 260 000

€ 2 826 / 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 hillside residential development in Sotira with eight modern two-storey villas and four single-level bungalows, a short drive from the sea, Paralimni and Ayia Napa. The villas offer three or four bedrooms and three bathrooms on plots of 220–285 m²; the bungalows offer two or three bedrooms and two bathrooms with everything on one level. Each home has its own plot and parking.

The main features of the project and the units:

• Two-storey villas with three or four bedrooms and three bathrooms
• Single-level bungalows with two or three bedrooms and two bathrooms
• Covered verandas at the villas
• Private plots of 220–285 m²
• Parking space for every home
• Optional private swimming pool and roof garden

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