o The 2 bedrooms flats have an internal covered area of 88.5 and 94.3 square meters and 26.9 and 27.8 s.m. covered balconies respectively. Even the smaller 2-bedroom flat at the Courtyard is considered large by market standards.
Prices are very reasonable if one considers what he gets in The Courtyard
o The first 10 units to be sold in the Complex that will sign a reservation agreement by July 31, will get a 5% discount. The starting prices for the smaller 2 bedrooms flats is €227,900. In this price, the flats include underfloor heating with a heat Pump, A/C units installed, external electric aluminium blinds, sliding aluminium shaders on the balconies for privacy and sun blocking and much more not usually offered by the competition. It also includes 1 covered parking at the underground level and the right to buy 1 more parking at €15.000.
o One must remember that the flat owners jointly own a piece of land of about 10.000s.m. that includes a central garden, with plenty of facilities for everyone to enjoy (please refer to our website).
VAT is an added cost especially for investors
o VAT must be added to the above price, at 5% for buyers for own residence and 19% for investment. Therefore, the above price for own residence rises to €239,300.
o I am noting that there will be no transfer fees when the title deed is issued a saving of up to 4% (First €85.000 at 1.5%, next €85.000 at 2.5% and above this at 4%). Transfer fees do exist when one buys a resale flat or any other property that does not have VAT.
Written by: George Mouskides
FOX General Director
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