2 bedrooms Apartment in Chloraka, Paphos, Cyprus No. 52044

Bedrooms

79 sq.m.

Square

€ 290 000

€ 3 671 / 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

This gated community, located in Chlorakas (Paphos), comprises of 3 bedroom houses and 2 bedroom apartments. The houses will have an option for a private swimming pool and a roof garden.

All amenities are just 2 minutes away from the development.

Specifications:

• Upgraded thermal aluminum series
• Tailor made kitchen design
• Branded sanitary ware.

Houses:

• A/C split units
• Intercom
• Alarm system
• Provision for electric car charger
• Provision for central heating
• Optional swimming poll and a roof garden.

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