€ 335 000

€ 3 564 / 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 Paralimni, Ammochostos, Cyprus No. 39098

Bedrooms

Bathrooms

94 sq.m.

Square

Parameters

Property Description

On Paralimni’s vibrant 1st April Avenue, the iconic mixed-use development sets a new standard for urban living and investment.
Spanning four floors, it offers 9 elegant two-bedroom apartments, 3 modern offices, and 4 premium retail spaces. With underground parking, landscaped green areas, and sustainable design, Avenue First perfectly combines residential comfort with commercial opportunity.

The contemporary exterior harmoniously blends materials and textures, the apartments in earthy tones and minimalist aesthetics feature premium finishes and large windows that flood the spaces with natural light, creating a serene, welcoming atmosphere.

Designed for the modern professional, offices provide a balance of style and functionality, while the retail spaces attract visitors and enhance commercial value.

This apartment is the ultimate choice for living, working, and investing, located in the centre of Paralimni, and just minutes from the awarded beaches of Protaras and Ayia Napa, with direct and easy access to the highway.