Land buy in Palodeia Lemesos

Louvaras is a village in the Troodos Mountains of Cyprus. The village is 28 kilometers north of Limassol. Of interest are the frescos in the small medieval church of St Mamas, built in 1455 in the centre of the village. The hamlet of Athrakos is part of the municipality. There is also a house of 200 m2 on the property which is currently in the process of get its building licenses. Property Details * For Sale * Property Type: Land * Property Subtype: Agricultural * Location: Limassol, Louvaras, Cyprus * Price: €650,000 * VAT: N/A * Loan Installment: €3,186 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: €650,000 Own Contribution (30%): €195,000 Loan Amount (70%): €455,000 Interest rate: 3.2% Years of repayment: 15 years