€ 240 000

€ 4 444 / 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%

1 bedroom Apartment in Geroskípou, Paphos, Cyprus No. 50146

Bedrooms

Bathrooms

54 sq.m.

Square

Parameters

Property Description

This boutique residential complex is nestled beside a lush pine grove, just steps from the charming centre of Yeroskipou. The three-storey building comprises only nine residences, including studios, one-bedroom and two-bedroom apartments, offering an exclusive and carefully planned living environment.

The architecture follows a clean, modern aesthetic with minimalist lines and expansive windows that allow abundant natural light into each home. Two-bedroom apartments enjoy direct views of the pine grove, enhancing privacy and connection to the surrounding landscape. Each residence includes a covered parking space and a private ground-floor storage unit for added convenience.

A shared rooftop area features a heated infinity swimming pool with panoramic views of the Mediterranean Sea, creating a distinctive space for relaxation. The complex is located within walking distance of local taverns, cafés and shops, five minutes from the beaches of Yeroskipou, ten minutes from Paphos airport, the city centre and the university, three minutes from the highway exit, and forty minutes from Limassol.

Each apartment is delivered fully furnished and equipped with air conditioning, electrical appliances, movable furniture, linens, towels, kitchenware and cutlery, ready for immediate move-in. Professional property management services are available, including maintenance, leasing and client support, with a guaranteed return of 7% for two years and no management fees. Buyers may also choose independent management. Legal and administrative support is provided, including assistance with contract procedures and bank account setup with KYC documentation.

The main features of the project and the units:
• Three-storey boutique building
• 9 residences: studios, 1-bedroom and 2-bedroom apartments
• Located beside a pine grove in Yeroskipou
• Shared rooftop with heated infinity swimming pool
• Panoramic Mediterranean Sea views
• Modern minimalist architecture with large windows
• Direct pine grove views from two-bedroom apartments
• Covered parking space for each apartment
• Private storage unit on the ground floor
• Walking distance to taverns, cafés and shops
• 5 minutes to Yeroskipou beaches
• 10 minutes to Paphos airport, city centre and university
• 3 minutes to the highway exit
• 40 minutes to Limassol
• Fully furnished and equipped apartments
• Property management services available
• Guaranteed 7% return for two years
• Legal and administrative support provided