+ 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%

2 bedrooms Penthouse in Paralimni, Ammochostos, Cyprus No. 28324

2

Bedrooms

1

Bathrooms

76 sq.m.

Square

I quarter, 2023

Completion date

Parameters

Property Description

Project embodies uniqueness, style, privacy and modern designs.Location is one of the main advantages that make project an appealing choice. The East Coast town of Paralimni has been at the centre of developments in recent years, as it has been transformed into a thriving town. The development is located in a central area, in close proximity to many of the area’s amenities and services such as restaurants, bars, banks, hypermarkets and bakeries, while the nearest anchorage is just 2 km away. Getting your feet wet at the closest beach would not take more than 5 minutes driving time. Consisting of just 40 apartments in total, the project lacks nothing in terms of space, style and quality. The luxurious modern development is in a sought-after location, halving the distance between the town of Paralimni and the golden sand beaches of the area. These attributes make this project very appealing to homebuyers looking for a holiday or permanent residence. The designing process had three main themes: layout, dimensions and the use of space. All homeowners will have a choice of high-quality interior options for the finishing touches!With the project consisting of four separate buildings, the common pool for adults and children alike is a point of reference and can accommodate those who opt for a quiet day with a drink or just to sunbathe, away from the crowds. The surrounding green areas included in the initial planning ensure privacy for all residents. Parking is not a concern as this is allocated individually for all homeowners within the development. The cosmopolitan resorts of Protaras, Ayia Napa and Kapparis, which are home to some of the best beaches in Cyprus, are a short drive away, whilst Larnaca and its international airport are within a 35-minute drive from the town. Paralimni’s central position within the island’s East Coast places the town within easy reach of all areas.Location, design and comfort make this project an ideal choice for those who favour a modern living style.

Features

Veranda

Veranda

Car park

Car park

Statistics

€ 2 750

Price per sq.m.

-

Quality of Life Index

56

Cost of Living Index

Choose a city for comparison

Parameters

Paralimni

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 600

Apartment (1 bedroom) Outside of Centre

€ 567

Apartment (3 bedrooms) in City Centre

€ 1 167

Apartment (3 bedrooms) Outside of Centre

€ 1 300

Buy Apartment Price

Price per square metre in the city centre

€ 2 750

Price per square metre outside the city centre

€ 3 250

2 bedrooms Penthouse in Paralimni, Ammochostos, Cyprus No. 28324

2 bedrooms Penthouse in Paralimni, Ammochostos, Cyprus No. 28324

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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