+ 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%

3 bedrooms Villa in Paphos, Cyprus No. 43165

3

Bedrooms

130 sq.m.

Square

Parameters

Property Description

The development is located next to the beautiful area of Coral Bay and the Akamas Peninsula. The villa will be built to the highest standards with private swimming pool, large verandas and sun terraces, BBQ and landscaped gardens.

Designed to bring the outdoors in, the villa is offering spectacular views of the Mediterranean Sea and beyond. The area itself is one of the most prime real estate locations in Cyprus, set near the water’s edge.

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

Features

Private pool

Private pool

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

Cost of Living Index

Choose a city for comparison

Parameters

Paphos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229

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Features

Features

Private pool

Private pool

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