+ 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. 4967

5

Bedrooms

330 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: Luxury, brand new villa with five bedrooms and a magnificent sea view in the area of Geroskipou. The house has all the necessary conditions for a safe and comfortable life. Maximum thermal insulation and sound insulation throughout the house. Private swimming pool.Characteristic:

• House size: 330 m2
• Plot size: 460 m2
• Sea and mountain view
• Swimming pool
• Household appliances
• Air conditioning
• Heating
• Storeroom
• Parking

More detailed information, layouts, specifications, live online and live screenings, individual selection of real estate, the possibility of buying remotely, support of bank transfers when buying real estate: whatsapp/viber/telegram.

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