€ 2 908 000

€ 11 057 / 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%

4 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 46112

Bedrooms

263 sq.m.

Square

Parameters

Property Description

The villas are located on the coastline, within walking distance to the Coral Beach Hotel. Just a 15-minute drive to the Paphos area to the south east, and the Akamas natural reserve to the north. The tourist area of Peyia, a Paphos suburb of 4,000 residents, offers a multitude of entertainment and shopping venues within walking distance. The development will compromise of 63 freehold, luxury detached villas and junior villas. Many feature a private swimming pool within walking distance of the Mediterranean Sea.

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

4 Bedrooms

3 Bathrooms

263 sq.m.

4 Bedrooms

263 sq.m.

+ VAT

Verified property

4 Bedrooms

4 Bathrooms

263 sq.m.

4 Bedrooms

263 sq.m.

+ VAT