€ 3 500 000

€ 5 344 / 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%

5 rooms Commercial property in Pegeia, Paphos, Cyprus No. 29387

Bedrooms

Bathrooms

655 sq.m.

Square

Parameters

ID

29387
City

Cyprus
Type

Commercial property
Status

Off-plan
Veranda type

Covered
Rooms

5

Bathrooms

15
Square

655 sq.m.
Land area

1843 sq.m.
Veranda area

160 sq.m.
To sea

3.5 km
Completed

No

Property Description

These homely villas for sale in Paphos is a gorgeous development. Situated in the heart of this popular, lively village, Peyia is one of the largest villages in Paphos with approximately 10,000 residents. Its vibrant atmosphere allows its residents to fully enjoy the lovely Cyprus climate all year round with the many restaurants, pubs, entertainment and family activities located in the area. Much of the village is elevated enjoying some of the most dramatic and incredible sea views on the island. This development is located just a short distance from a public kindergarten and elementary school as well as an English private school.

Features

Veranda

Car park