2 bedrooms Apartment in Chloraka, Paphos, Cyprus No. 52805

Bedrooms

Bathrooms

85 sq.m.

Square

€ 363 000

€ 4 271 / 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 residential project offers modern apartments with functional layouts in a convenient location. The available units include two- and three-bedroom options, featuring open-plan living areas, well-equipped kitchens, and contemporary bathrooms. Designed to maximize space and natural light, the building incorporates green elements throughout.

Located in Chloraka, just 1.4 km from the sea and 1.5 km from a five-star hotel, the development provides easy access to business districts, shopping centers, schools, and supermarkets. The property includes communal lounges and secure parking, making it a practical choice for both living and investment.

The main features of the project and the units:

• 2- and 3-bedroom apartments
• Open-plan living spaces with modern kitchens
• Contemporary bathrooms
• Green design with integrated plants and flowers
• 1.4 km from the sea, 1.5 km from a five-star hotel
• Easy access to business, shopping, and schools
• Communal lounges
• Secure parking

The project has an EPC certificate with “A” energy efficiency rating.