4 bedrooms Penthouse in Geroskípou, Paphos, Cyprus No. 52609

Bedrooms

205 sq.m.

Square

€ 1 619 625

€ 7 901 / 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 development is a residential complex just outside Paphos, consisting of apartments and townhouses. It has been designed with green areas, walking alleys and plenty of space. Most homes have a sea view.

The residents will be able to enjoy a communal swimming pool and the kids will have their louvered pool with the playground area.

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