€ 5 800 000

€ 9 667 / 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%

7 bedrooms Villa in Kissonerga, Paphos, Cyprus No. 45284

Bedrooms

600 sq.m.

Square

Parameters

Property Description

Spacious luxurious villa offering excellent investment potential, 400 meters from the newly designed Paphos Marina and 10 minutes’ drive from Kings Avenue Mall. The villa is on the beachfront with direct access to a sandy beach at its doorstep and unobstructed views of the Mediterranean Sea. Villa will have its private infinity swimming pool, 7/8 bedrooms and 7 bathrooms + guest toilet (there is also an option for 2 smaller villas).

Optional 290m2 semi-basement area that can be designed to the client’s specifications to include additional rooms or areas such as an en-suite bedroom, a wellness room, gym area, cinema area, utility room, bar, wine cellar, jacuzzi, sauna, storage room etc.

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