€ 720 000

€ 3 103 / sqm

+ 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%

3 bedrooms Villa in Kissonerga, Paphos, Cyprus No. 28483

Bedrooms

Bathrooms

232 sq.m.

Square

Parameters

Property Description

Second line beach house, 50 meters from the sea, with stunning sea views in a quiet and tranquil location where one can enjoy the sound of the sea, yet only a few minutes away from the heart of the tourist area and Paphos city centre with all amenities close by.On a gated project the beach house features 3 levels:The beach house is currently under construction and is approximately 3 months from completion. The skeleton, brick work, and first plastering has been completed, giving the buyer the opportunity to choose all internal fixtures and fittings of their choice.The price is for the property at the current stage. The buyer has the option to buy, as is and complete the house themselves or it can be completed for the buyer. It has been estimated an additional €200.000 +/- is required to complete the beach house.The property is being built to install VRV, smart home system and an elevator.

Features

Car park