€ 390 000

€ 4 194 / 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%

2 bedrooms Apartment in Geroskípou, Paphos, Cyprus No. 37707

Bedrooms

Bathrooms

93 sq.m.

Square

Parameters

Property Description

For sale: This off-plan, two-bedroom apartment is located in the sought-after area of Geroskipou. Offering 93 square meters of thoughtfully designed internal space, the property features a bright open-plan living area, two comfortable bedrooms, and two modern bathrooms. The apartment is situated on the second floor of a three-story building, conveniently accessed by an elevator.

Geroskipou is a vibrant coastal town, known for its relaxed atmosphere, traditional charm, and excellent local amenities. Residents can enjoy a blend of shops, cafes, restaurants, and leisure facilities, all within easy reach. The area is popular for its scenic walks and beautiful beaches, making it an ideal location for both permanent living and investment.

This apartment is built to the highest standards with energy efficiency A, ensuring low running costs and year-round comfort. Central air conditioning keeps the space cool, while large windows provide plenty of natural light. The property is part of a secure gated complex, featuring a communal swimming pool and optional high-quality furniture packages.

The apartment is due for completion in 2027. For more information about this modern Geroskipou residence, contact Purple International Real Estate today.