+ 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 Pegeia, Paphos, Cyprus No. 45809

4

Bedrooms

244 sq.m.

Square

Parameters

Property Description

A new development comprising boutique-style residences, which is located in suburb of Peyia in the city of Paphos, with the views to the Mediterranean.

The features of the villas are:

• Up-to-date, high standard finishes and specifications

• Double glazing energy efficient windows and patio floor-to-ceiling sliding doors of latest technology aluminium sections

• Thermal insulation

• Imported marble floor finishes in communal areas

• Highest quality floor ceramics/optional pre-varnished parquet floors

• Imported Italian sliding wardrobe doors

• Top quality Italian internal doors

• Bespoke Italian kitchen

• Granite or high quality kitchen worktops and vanity unit tops

• Wide range of kitchen appliances

• Fine bathroom fittings

• Quality sanitary ware

• Décor tiling in all bathroom areas

• Central VRV system in all areas

• Intruder and fire alarm systems in all areas

• Front door video phones with colour monitors

• State-of-the-art central home automations systems

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

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