€ 258 750

€ 3 317 / 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. 40843

Bedrooms

78 sq.m.

Square

Parameters

Property Description

This contemporary residential development is positioned within easy driving distance of all essential amenities and key points of interest in Paralimni.

The development spans four floors, with two-bedroom apartments. Each residence benefits from a covered balcony. Select apartments also include an additional uncovered veranda. Every apartment is accompanied by a private parking space with provision for an electric vehicle charger, as well as a dedicated storage room.

A standout feature of the project is the communal roof garden.

The Project has EPC certificate with "A" Energy Efficiency Rating.