€ 274 000

€ 3 605 / 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. 51239

Bedrooms

Bathrooms

76 sq.m.

Square

Parameters

Property Description

This new development of lifestyle apartments in Paralimni offers the perfect balance of modern living and coastal convenience in the heart of the Famagusta District. Ideally located close to Paralimni’s centre and everyday amenities, it is also just a short drive from the beautiful beaches of Protaras, Kapparis, and the vibrant Paralimni Marina.

The project comprises three stylish blocks with 36 luxury apartments, offering one to three bedrooms. Each apartment is thoughtfully designed with ergonomic open-plan layouts, spacious balconies, contemporary architecture, high-quality materials, and a minimalist interior style that creates a sense of comfort, light, and elegance.

Residents can enjoy beautifully designed communal areas, including large green spaces, a playground, rooftop gardens, and a communal swimming pool, creating a relaxing and family-friendly environment. These carefully planned outdoor spaces enhance everyday living and offer the ideal setting for relaxation and socialising.

The interiors combine functionality with modern sophistication, featuring seamless living, dining, and kitchen areas that maximise space and natural light. Clean lines, elegant finishes, and quality craftsmanship create a calm and welcoming atmosphere throughout each home.

The location offers unmatched accessibility to some of Cyprus’ most sought after locations. In just ten minutes, residents can reach the lively centre of Protaras and the iconic Fig Tree Bay, one of the island’s most awarded beach. Moments away, Paralimni itself offers the perfect blend of modern convenience and traditional charm, making it an ideal place to call home.

With strong investment potential and year-round appeal, this development is an excellent choice for a permanent residence, holiday home, or rental opportunity. It offers a unique lifestyle that brings together comfort, convenience, and easy access to some of Cyprus’s most desirable coastal destinations.