+ 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 Chloraka, Paphos, Cyprus No. 45415

3

Bedrooms

120 sq.m.

Square

Parameters

Property Description

The complex comprises of 47 3, 4 and 5 bedroom modern villas, combining elements of traditional Mediterranean architecture in a unique way to perfectly match the natural environment. 

Each villa in the project is designed to enjoy the most breathtaking views of the sea offering the owners quality amenities. The villas feature large private swimming pools, gardens, spacious and functional interiors with hand-picked specifications of international standards to be appreciated by the most discerning local and international buyers.

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

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