€ 399 900

€ 2 758 / 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%

3 bedrooms Townhouse in Paralimni, Ammochostos, Cyprus No. 53163

Bedrooms

Bathrooms

145 sq.m.

Square

Parameters

Property Description

Exclusive New Development in Kapparis

Located in the highly sought-after area of Kapparis, this exciting new residential and holiday development comprises just nine beautifully designed cottages, offering an exceptional opportunity for both lifestyle buyers and investors.

Each residence has been thoughtfully designed to provide comfort, functionality, and modern living. The ground floor features a spacious open-plan kitchen and living area, a guest WC, and a generously sized covered veranda overlooking the communal pool. A private garden with direct street access enhances the outdoor living experience. In addition, there is a ground-floor bedroom with an en-suite shower and WC, ideal for guests or multi-generational living.

The first floor offers three well-proportioned bedrooms, including access to private balconies, as well as a family bathroom and separate WC.

All homes are delivered fully equipped with:

Modern fitted kitchen
Refrigerator, oven, hob, and washing machine
Built-in wardrobes in all bedrooms
Air conditioning units in the living area, kitchen, and all bedrooms

Residents will enjoy a range of premium communal amenities, including:

Large swimming pool
Children's pool
Jacuzzi
Landscaped relaxation areas
Indoor pool facility
Private parking

The pool area adjoins a generous green space, creating a peaceful and attractive environment for residents and visitors alike.

Ideally situated within walking distance of Protaras' crystal-clear beaches, traditional taverns, restaurants, and local amenities, the development also benefits from its proximity to the area's new marina, which is currently under construction and expected to further enhance the region's appeal.

Whether as a permanent residence, holiday home, or investment property, this development presents an outstanding opportunity. With holiday rental occupancy in the area reaching approximately 85% during the peak 22-week summer season, the project offers strong rental income potential.