3 bedrooms Villa in Protaras, Ammochostos, Cyprus No. 58805

Bedrooms

Bathrooms

132 sq.m.

Square

€ 690 000

€ 5 227 / 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 collection of four contemporary Mediterranean villas in Pernera, a short distance from the sea, with sea views from the upper level and roof garden. Each villa has three bedrooms and four bathrooms, a private swimming pool, generous covered verandas and a roof garden. Suitable for permanent living, holidays or rental investment.

The main features of the project and the units:

• Three bedrooms and four bathrooms
• Private swimming pool
• Roof garden 50 m²
• Covered verandas 62 m²
• Sea views
• Plot of 409 m²

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