€ 288 750

€ 3 534 / 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. 51221

Bedrooms

Bathrooms

81.7 sq.m.

Square

Parameters

Property Description

Contemporary residential development, setting a new benchmark for luxury living in the heart of Paralimni, offering a refined balance of modern design, comfort, and everyday convenience. Positioned within easy driving distance of all essential amenities, the project provides residents with seamless access to shops, services, and key points of interest, making it ideal for both permanent living and investment purposes.

Designed with Energy Efficiency Rating A, the building reflects a forward-thinking approach to sustainability and cost-efficient living. The development spans four floors, with each floor hosting two thoughtfully designed two-bedroom apartments, creating a low-density and private living environment. Apartment sizes range between 78–82 sq.m, featuring smart layouts that maximise functionality, natural light, and comfort.

Each residence benefits from a generous covered balcony of approximately 22 sq.m, extending the living space outdoors and enhancing everyday enjoyment. Select apartments also include an additional uncovered balcony of approximately 1.50 sq.m, offering extra flexibility and open-air space. Every apartment is accompanied by a private parking space with provision for an electric vehicle charger, as well as a dedicated storage room, addressing the practical needs of modern homeowners.

A standout feature of the project is the communal roof garden of approximately 49 sq.m, providing residents with a shared outdoor retreat ideal for relaxation, social gatherings, or enjoying the surrounding views. This thoughtfully designed communal space adds an extra layer of lifestyle value to the development.

With its modern architecture, energy-efficient design, spacious outdoor areas, and strategic location in Paralimni, the Residences presents an excellent opportunity for those seeking a quality home or a solid real estate investment in one of Cyprus’ well-established residential areas.