3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 51718

Bedrooms

160 sq.m.

Square

€ 580 000

€ 3 625 / 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%

Parameters

Property Description

The complex is a boutique development of 11 modern villas in Geroskipou, Paphos, offering 3 and 4 bedroom homes with amazing sea views.

All villas feature private roof gardens, underfloor heating, a VRF system and provisions for electric car charging. The project is within easy reach of schools, golf courses, the airport and daily amenities.

Ideal for comfortable living or investment in a prime Paphos location.

The Project has EPC certificate with "A" Energy Efficiency Rating.