€ 390 000

€ 3 305 / 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%

3 bedrooms Villa in Paramytha, Limassol, Cyprus No. 46817

Bedrooms

Bathrooms

118 sq.m.

Square

Parameters

Property Description

Modern villas offer a comfortable living environment in a peaceful and rapidly developing area of Paramytha, just minutes from leading private schools. Each residence provides a well-planned 158 m² covered area on a 301 m² plot, featuring three spacious bedrooms, each with its own en-suite bathroom. The open-plan kitchen and living area create a functional layout, while the option to customise finishes allows buyers to tailor the home to their preferences.

The outdoor spaces are designed for relaxation and convenience, with a private swimming pool, a garden area, and private parking. Additional practical features include an electric entrance gate and eligibility for the reduced 5% VAT rate under the primary residence scheme. Combining quality construction, modern comfort, and a convenient location, these villas present an appealing choice for both families and investors.

The main features of the project and the units:
• Covered area 158 m²
• Plot size 301 m²
• Three bedrooms
• En-suite bathrooms
• Open-plan kitchen and living area
• Private swimming pool
• Customisable finishes
• Electric entrance gate
• Private garden
• Private parking
• Eligible for 5% VAT

The project has an EPC certificate with “A” energy efficiency rating.