€ 990 000

€ 6 513 / 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 Coral Bay, Pegeia, Paphos, Cyprus No. 50922

Bedrooms

Bathrooms

152 sq.m.

Square

Parameters

Property Description

For sale is a stunning detached villa currently under construction in the sought-after area of Coral Bay. This villa offers a generous internal space of 152 m2, with a well-designed layout including 3 spacious bedrooms and 3 modern bathrooms. The property features a high standard of energy efficiency, rated A, ensuring low running costs and a comfortable living environment all year round.

Coral Bay is known for its beautiful sandy beaches, crystal-clear waters, and a vibrant atmosphere. The area offers a variety of restaurants, shops, and leisure facilities, making it a popular destination for families and those seeking a lively yet relaxing setting.

This villa is part of a gated complex, providing extra security and peace of mind. Residents will enjoy access to a communal swimming pool and a fully equipped gym. The home comes with underfloor heating for added comfort, and there is also an option to purchase the villa fully furnished.

Located close to all local amenities, this property presents an excellent opportunity for both permanent living and holiday use. For more information or to arrange a viewing, please contact Purple International Real Estate.