€ 255 000

€ 3 072 / 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 Apartment in Paralimni, Ammochostos, Cyprus No. 51194

Bedrooms

Bathrooms

83 sq.m.

Square

Parameters

Property Description

This modern off-plan penthouse apartment presents an excellent opportunity for anyone seeking contemporary living in one of Cyprus’s most desirable coastal areas. Offering a generous internal area of 83 m², the property features two well-sized bedrooms and two bathrooms, making it ideal for couples, small families, or as a smart investment. Designed with comfort and convenience in mind, the apartment benefits from large covered and uncovered verandas, creating the perfect setting for outdoor dining and relaxation.

The development provides access to a communal swimming pool, adding to the lifestyle appeal, while the property also includes an allocated covered parking space and private storage on the ground floor.

Located between Kapparis and Paralimni, this home combines the charm of a seaside community with the convenience of a thriving town. Kapparis is renowned for its sandy beaches, relaxed atmosphere, and vibrant local scene, offering a wide selection of shops, cafés, and restaurants within easy reach.

At the same time, the apartment enjoys quick access to Paralimni’s full range of amenities, schools, and services, while being just minutes away from some of the most beautiful beaches in Cyprus. Whether used as a permanent residence, holiday retreat, or rental investment, this property provides a perfect balance of modern comfort, coastal lifestyle, and excellent location.

Delivery: July 2027