+ 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%

94m2 Office in Paralimni, Ammochostos, Cyprus No. 41624

94 sq.m.

Square

Parameters

Property Description

This mixed-use development sets a new standard for urban living and investment. It offers elegant 2 bedroom apartments, 3 modern offices and 4 premium retail spaces. With underground parking, landscaped green areas and sustainable design, the project perfectly combines residential comfort with commercial opportunity.

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.

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

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

Features

Car park

Car park

Statistics

€ 2 750

Price per sq.m.

-

Quality of Life Index

56

Cost of Living Index

Choose a city for comparison

Parameters

Paralimni

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 600

Apartment (1 bedroom) Outside of Centre

€ 567

Apartment (3 bedrooms) in City Centre

€ 1 167

Apartment (3 bedrooms) Outside of Centre

€ 1 300

Buy Apartment Price

Price per square metre in the city centre

€ 2 750

Price per square metre outside the city centre

€ 3 250

Similar Property

Verified property

94m2 Office in Larnaca, Larnaka, Cyprus No. 56244

1 100 000

94 sq.m.

225 000

5 Floor

IV quarter, 1997

90 sq.m.

1 237 670

99 sq.m.

+ VAT

Features

Outdoor features

Car park

Car park

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