€ 3 200 000

€ 11 111 / 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%

5 bedrooms Villa in Neo Chorio, Paphos, Cyprus No. 53622

Bedrooms

Bathrooms

288 sq.m.

Square

Parameters

Property Description

A luxurious villa is up for sale in Akamas, boasting an impressive 275 sq.m. living space nestled on a generous 940 sq.m. plot. The villa features 5 bedrooms, 4 bathrooms, a spacious kitchen, and a cozy living room. Covered verandas spanning 44 sq.m. and uncovered ones of 16 sq.m. offer serene outdoor spaces. Convenience is ensured with a closed parking space, while modern comforts include air conditioning. The property holds a commendable B energy certificate. Currently under construction, it promises upscale living near the sea, with stunning sea views. Additional amenities include a storage area, a swimming pool for relaxation, and a security door for peace of mind. This villa presents an enticing opportunity for those seeking a blend of elegance, comfort, and coastal charm.