€ 2 529 000

€ 8 721 / 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%

4 bedrooms Villa in Chloraka, Paphos, Cyprus No. 45202

Bedrooms

290 sq.m.

Square

Parameters

Property Description

These villas are located on a hillside in Chloraka overlooking the sea, on the outskirts of the coastal Paphos city. Just 600m from the sea and the nearby luxury beach hotels, in an exclusive coastal area, within walking distance of the shops and nightlife. The project consists of 17 plots and individually designed villas. All plots command stunning views of both the sea and the surrounding area. It is the perfect place for those wanting peace and tranquillity, yet having all the local amenities at hand.

All villas will be finished to the highest specifications combining traditional architecture with modern features. All necessary services are provided including asphalted roads, electricity, water and drainage. All properties will have lush gardens with the option of a private swimming pool.

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