+ 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%

5 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 26254

5

Bedrooms

6

Bathrooms

341.5 sq.m.

Square

III quarter, 2025

Completion date

Parameters

Property Description

Luxury project will be contemporary spaciously designed and landscaped, ensuring ease of accessibility, privacy and relaxing Mediterranean living, with all the convenience of the area amenities nearby. The development will consist of 9 individually top quality villas - 7 Split Level Villas with 5 Bedrooms each - 2 two Level Villas 6 Bedroom each The villas will be built on a vantage point, each with panoramic views and a private garden. Their location is exceptional. To complement their imposing position, the villas will be of contemporary, fine design. Their lines will be clean and harmonious, offering residents total luxury, elegance and privacy. Each villa will have a landscaped garden, pool, verandas and paved patios. The rooms will be well proportioned, light, and finished in calm, neutral colors. The kitchen will have designer fittings, recessed lighting, granite worktops and integrated appliances. Bathrooms will be modern and sleek.

Features

Veranda

Veranda

Storage room

Storage room

Landscaped garden

5 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 26254

5 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 26254

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Landscaped garden

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