2 bedrooms Apartment in Mandria, Paphos, Cyprus No. 52529

Bedrooms

99 sq.m.

Square

€ 320 000

€ 3 232 / 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 project is set on the edge of the peaceful village of Mandria, close to the sea, in an ideal location only 10 minutes from Paphos International Airport and a short drive from the golf courses of Aphrodite Hills and Secret Valley, close to the famous landmark Petra tou Romiou, the mythological birth place of Aphrodite, goddess of love.

The project offers one and two-bedroom apartments and penthouses, and three-bedroom detached villas. There are two communal swimming pools (one of which is heated in winter months), both set in beautiful and spacious landscaped gardens and with a club house for the use of residents. The traditional styles and finishes have been selected to suit the development and area, and the project offers great value for money.

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