+ 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 Apartment in Paralimni, Ammochostos, Cyprus No. 28476

2

Bedrooms

2

Bathrooms

87 sq.m.

Square

Parameters

Property Description

Kitchen,En-Suite,Storage,Sea View,Property DescriptionA total of 6 apartments where each one of the apartments will have spacious covered and uncovered verandas with amazing views, 2 bedrooms, 2 bathrooms (1en-suite), open plan kitchen-living room, private covered parking, storage area on the ground floor, and 3 of the apartments will have additional roof garden on the top of the building.The name that describes the Magical location of the Apartments that will take place in Paralimni-Kapparis area. An unobstructed view to the astonishing blue waters of Famagusta Beach, that you will have the opportunity to see every day! A complex, with a design that combines comfort, easy accessibility to the city, and all the possible ways to collect Energy from the environment, will give you the life you always dreamed of!Classed as the hub of the East Coast, Paralimni has boomed in recent years from a rural community into a progressive town, which boasts an array of shops, banks, offices, boutiques and restaurants. Although popularity and demand have caused expansion in the size of the town, it has managed to retain its rich cultural traditions, and the main square still features coffee shops, parks, and commercial shops which reflect the characteristics of the old village, with the addition of a contemporary twist of modern coffee shops and restaurants. Paralimni’s central position within the East Coast makes it within easy reach of all areas. Protaras, the tourist area of Paralimni and is a very popular tourist resort for local arid foreign tourists. It is an ideal location for holidays and to live a peaceful life. It is a real paradise that is full of life, with golden beaches and crystal-clear waters. It combines a pleasant atmosphere and an intense night life. The impressive natural beauty of Protaras with its sheltered blue bays, it’s clear and rich sea and the well-known sandy beaches on the island make it the ideal choice for unforgettable memories. The area of Protaras has a panoramic view towards the sea.Location:Amenities: 500mSea: 3kmPublic transport: 200mSchools: 100mCompletion Year:2023

Features

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 Apartment in Paralimni, Ammochostos, Cyprus No. 28476

2 bedrooms Apartment in Paralimni, Ammochostos, Cyprus No. 28476

Features

Outdoor features

Car park

Car park

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