€ 890 000

€ 6 692 / 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%

2 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 50923

Bedrooms

Bathrooms

133 sq.m.

Square

Parameters

Property Description

For sale: A spacious detached villa currently under construction in the sought-after area of Coral Bay. Offering 133 m² of internal space, this property is designed for comfort and style, featuring two generous bedrooms and three modern bathrooms.

Enjoy a bright and open living area, complemented by high energy efficiency (Class A) and luxurious underfloor heating for year-round comfort. The villa comes with the option to be fully furnished, providing flexibility to suit your needs and taste.

Located in a prestigious gated complex, residents have exclusive access to a large communal swimming pool and a state-of-the-art gym, ensuring a relaxing and healthy lifestyle. The Mediterranean vibes of Coral Bay are evident, with its sandy beaches, crystal-clear waters, vibrant dining scene, and plenty of shopping and entertainment options nearby. All essential amenities are just a short walk away.

This is a rare opportunity to invest in a new home in one of the area's most desirable locations. Contact Purple International Real Estate for further details and to arrange a viewing.