€ 1 200 000

€ 4 000 / 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%

5 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 45289

Bedrooms

300 sq.m.

Square

Parameters

Property Description

Villas in a prime residential area 5 minutes away from the beach and city center, on a hilltop and has unobstructed views of the Mediterranean Sea. The villas will have private swimming pool, 5 bedrooms and 5 bathrooms. Spacious open plan living room, kitchen and dining area on level 2, with a fire-place and floor-to-ceiling windows. Additional open plan living room, kitchen area and dining area are located on level 1 connecting to the outside pool area. Villas will have underfloor heating and provision for elevator connecting all the floors.

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