2 bedrooms Apartment in Chloraka, Paphos, Cyprus No. 53214

Bedrooms

76 sq.m.

Square

€ 330 000

€ 4 342 / 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

This residential development of blocks A, B, C, and D offers studios, one and two-bedroom apartments, located in Chlorakas, Paphos.

Every apartment is finished with premium Italian tiles, bespoke Italian kitchen cabinetry and custom Italian wardrobes selected for their lasting beauty and everyday practicality. Each apartment also comes complete with air-conditioning, Smarthome KNX intelligent home automation, and access to the communal gym and swimming.

At the heart of the development, residents enjoy a beautifully landscaped communal zone designed for relaxation and connection.

The dedicated property management team handles everything from guest bookings to day-to-day operations, making holiday rental income truly hands-off.

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