€ 895 000

€ 4 661 / 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 Bungalow in Tala, Paphos, Cyprus No. 39323

Bedrooms

Bathrooms

192 sq.m.

Square

Parameters

Property Description

Set in Tala, this five-bedroom bungalow is currently offered off-plan, with completion scheduled for 2027, giving a buyer the opportunity to acquire a brand-new home before construction is complete. The single-level layout spans 192 square meters of internal space, arranged across five bedrooms and four bathrooms on the ground floor, with a modern design throughout.

Outside, the property sits on a large plot with a private swimming pool, and both mountain and sea views extend from the grounds. The location is close to amenities, putting daily conveniences within easy reach.

Tala sits inland from Paphos, on elevated ground within the Paphos District of Cyprus. The village reflects the character common to the area's hillside settlements, where traditional stone-built cores sit alongside newer residential development. Its elevated position is consistent with the mountain and sea views the property offers, and its setting inland from Paphos places it within a quieter, less densely built landscape than the coastal town itself.

To arrange a discussion of this off-plan opportunity, contact Purple International Real Estate.