€ 599 000

€ 5 164 / 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 Coral Bay, Pegeia, Paphos, Cyprus No. 45204

Bedrooms

116 sq.m.

Square

Parameters

Property Description

A resort development consisting of a small number of freehold detached villas situated at Coral Bay on the outskirts of Paphos. Beach Villas are located on the coastline in a pristine area within walking distance to the Coral Beach Hotel, a 15 minute drive to Paphos area to the southeast and the Akamas natural preserve to the north. The tourist area of Peyia, offering a multitude of entertainment and shopping venues is within walking distance.

These individually designed 3, 4, and 5 bedroom exclusive villas, although close to the sandy beach have private swimming pools, large verandas and sun terraces with spectacular views of the Mediterranean.

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