In an initiative designed to stimulate the growth of the property market in Cyprus, the Government has approved measures to dramatically reduce the cost of home ownership on the island.
As an added benefit, 13% of VAT can be refunded for those purchasing new private residences. The reduced rate of VAT to just 5% is applicable to the acquisition and/or the construction of new properties to be used as the primary and permanent place of residence.
Abolition of Transfer Fees
We are delighted to inform you that the Government of Cyprus has announced the abolition of transfer fees for any new property purchases until the end of December 2014 and irrespective of the time the title deed of the property will be transferred to the buyer.
In relation to this extremely beneficial announcement Lanitis Development has also decided to offer up to 35% discount off the original asking price, of a select number of properties at Aphrodite Hills Resort, award-winning 5-star Aphrodite Hills Resort at a substantially reduced price.
Now is certainly the perfect time to buy a property at Aphrodite Hills Resort!
Note: Prices start from €242,500 for Apartments and €799,800 for Villas
For further information please contact the Sales Office - Tel.: +357 26 82 80 50
VISIT TO VIEW:
Property Inspection Trips are available for 3 days at the 5-star InterContinental Aphrodite Hills Resort Hotel, including a Spa treatment and Golf.