3 bedrooms Villa in Tala, Paphos, Cyprus No. 52334

Bedrooms

202 sq.m.

Square

€ 1 200 000

€ 5 941 / 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

An exclusive boutique development of just five luxury villas nestled in the serene hillsides of Tala, Paphos.

This unique development offers its homeowners and investors alike generously sized private plots to create a villa tailored to their vision and individual preferences.

The project is perfectly positioned with easy access to everyday needs and local charm.

With only five development plots available, the project offers more than a residence-it offers a lifestyle statement and long-term value.

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