5 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 52600

Bedrooms

312 sq.m.

Square

€ 1 335 500

€ 4 280 / 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

A residential complex (of 6 luxury villas, 10 modern townhouses, 10 premium class apartments) with unique designs, harmoniously blending into the nature with modern architecture.

Main features:

• Quality construction materials
• Private multifunctional playground
• Private pool area with kids pool
• Panoramic sea and mountain view
• Prime location with the convenience of city life and the tranquility of nature.

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