3 bedrooms Villa in Oroklini, Larnaka, Cyprus No. 58800

Bedrooms

Bathrooms

140 sq.m.

Square

€ 380 000

€ 2 714 / 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

Two detached villas in Oroklini, within easy reach of the beach and close to the highway, combining comfort, privacy and contemporary living. Each villa has three bedrooms and three bathrooms, a covered veranda, covered parking and a private plot. Suitable for permanent residence, holiday rental or investment.

The main features of the project and the units:

• Three bedrooms and three bathrooms
• Internal area 140 m²
• Covered veranda 10 m²
• Private plots of 241–285 m²
• Two-storey layout
• Optional private swimming pool and roof garden
• Covered parking space

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