€ 995 000

€ 7 263 / 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 bedrooms Villa in Pegeia, Paphos, Cyprus No. 36097

Bedrooms

Bathrooms

137 sq.m.

Square

Parameters

Property Description

This detached villa in Peyia is being built off-plan, with an A energy efficiency rating and a sea view from the plot.

Inside, 137 square meters are divided across five bedrooms and five bathrooms, with a basement level adding further storage or living space. Underfloor heating runs through the property, and furnishing is available as an option, so the villa can be handed over ready to live in or left unfurnished for the owner to fit out.

A private swimming pool sits on the grounds, and the villa is part of a gated complex, with amenities close by.

Peyia sits on a hillside above the western coast of Cyprus, in the Paphos district, northwest of Paphos itself. The village combines an older stone-built core with newer villa development spread across the surrounding slopes, and its elevated position gives many homes a view down toward the Mediterranean. The Akamas Peninsula, with its undeveloped coastline, lies further along the coast to the northwest.

Contact Purple International Real Estate to arrange a viewing or discuss the build schedule.