Land in Limassol, Cyprus No. 58807

€ 16 000 000

+ 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

This plot is located in Mesa Geitonia, Limassol, near Tsirio Stadium. It offers an excellent opportunity for development, with the potential to construct a commercial building with a total buildable area of up to 10,000 m².

Situated in a well-connected and easily accessible area, it provides an ideal setting for businesses seeking a strategic location in the city.