€ 1 200 000

€ 5 797 / 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%

3 bedrooms Villa in Pegeia, Paphos, Cyprus No. 43816

Bedrooms

207 sq.m.

Square

Parameters

Property Description

The development is rested on a hilltop in one of the most picturesque locations in Paphos. This development will have exceptional views of the Mediterranean sea and surrounding countryside.

The design blends modern architecture with traditional Cypriot style and character, incorporating local stone, terracotta roof tiles and glass.

These traditional materials have been combined with an ultra-modern edge, resulting in enduring designs that fully exploit their spectacular setting. Each villa is airy and open in design, connecting the inside and outside through floor-to ceiling windows. Villas have been carefully oriented to maximise views and all feature a private infinity pool.

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