€ 430 000

€ 3 440 / 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 Apartment in Chloraka, Paphos, Cyprus No. 49630

Bedrooms

Bathrooms

125 sq.m.

Square

Parameters

Property Description

This residential project in the Melanos area of Chloraka consists of eight modern apartments, each with three bedrooms. The development offers private parking and sea views, while being conveniently located close to the beach and key points of interest. It is only a few minutes from the sea and the medieval castle of Paphos, five minutes from Kings Avenue Mall, and about 25 minutes from Paphos Airport. The main golf resort area of the region is also just 20 minutes away.

The main features of the project and the units:
• Eight modern apartments
• Three bedrooms in each apartment
• Internal areas from 95 m² to 136 m²
• Private parking
• Sea views
• Convenient location close to the beach, castle, shopping mall, airport, and golf resort

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