€ 1 500 000

€ 3 750 / 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. 47914

Bedrooms

Bathrooms

400 sq.m.

Square

Parameters

Property Description

This modern three-storey villa offers a total covered area of 400 sq.m. and is situated on a 400 sq.m. plot within a short walking distance from the sea. The property includes five rooms, five bathrooms, a spacious basement, and a private elevator. It features underfloor heating, parking for up to 1.5 cars, and a rooftop terrace with a swimming pool.

The main features of the project and the units:

• Plot area: 400 sq.m.
• Total covered area: 400 sq.m.
• Three-storey villa
• Five rooms and five bathrooms
• Spacious basement
• Private elevator
• Underfloor heating
• Parking for 1.5 cars
• Rooftop terrace with swimming pool
• 5 minutes’ walk to the sea

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