€ 325 000

€ 3 869 / 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 Deryneia, Ammochostos, Cyprus No. 39462

Bedrooms

Bathrooms

84 sq.m.

Square

Parameters

Property Description

Discover an exceptional new residential project in the highly sought-after area of Deryneia, offering contemporary apartments with lovely views over Famagusta Bay. Ideally positioned in a peaceful and elevated setting, this exclusive development combines modern architecture, comfort and a relaxed Mediterranean lifestyle, making it an excellent choice for permanent residence or a holiday home.

Designed for modern living, each apartment has been carefully planned to maximise sea views, natural daylight and seamless indoor-outdoor flow. Spacious open-plan living areas connect effortlessly to generous balconies and terraces, creating bright and airy interiors that capture the beauty of the surrounding coastline. High-quality fixtures and fittings, clean architectural lines and contemporary finishes ensure both style and functionality throughout.

Located in a quiet and tranquil neighbourhood of Deryneia, the project offers a calm atmosphere ideal for relaxed year-round living. At the same time, residents benefit from easy access to local amenities, including shops, cafés and essential services, all within walking distance or a short drive. The vibrant town of Paralimni is just minutes away, while the region’s famous sandy beaches and coastal attractions can be reached within a short drive, offering the perfect balance between serenity and convenience.

Delivery is scheduled for April 2028.