Land in the quiet residential area of Palodeia. Uninterrupted mountain views can be enjoyed from the entire area. Ideal for development and investment purposes. Palodeia has long been a desirable residential area and just 20 minutes to the Town Centre. The land has 40% building density, 25% building coverage and an allowance of 2 floors. The land is served by a road, electricity and water and is close to amenities. This property may be subject to VAT. Please call us for an on-site viewing.

Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Palodeia, Cyprus
* Price: €1,000,000
* VAT: N/A
* Loan Installment: €4,902

If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.

Loan Installment Calculations:

Assumptions:

Closing Price: €1,000,000

Own Contribution (30%): €300,000

Loan Amount (70%): €700,000

Interest rate: 3.2%

Years of repayment: 15 years