€ 240 000

€ 3 077 / 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. 40099

Bedrooms

Bathrooms

78 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

2-Bedroom Apartment, 1st Floor.
This property is constructed with high-quality materials and boasts an A+ energy efficiency rating.
It includes provisions for a photovoltaic system, ensuring significant energy savings.

The apartment is ready to move in (key-ready) and is located just 800 meters from the sea. It is an ideal choice for either self-occupation or as an investment opportunity.

The property is situated adjacent to a green area and a park, where no further construction is permitted, ensuring unobstructed surroundings.
Floor: 1st