€ 360 000

€ 4 675 / 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%

2 bedrooms Apartment in Paralimni, Ammochostos, Cyprus No. 53907

Bedrooms

Bathrooms

77 sq.m.

Square

IV quarter, 2028

Completion date

Parameters

Property Description

Modern 2-bedroom apartment for sale on the 2nd floor in Paralimni, currently under construction. With 77 sq.m. of internal space and 22 sq.m. of covered verandas and 57sq.m. roof garden, it features 2 bathrooms, a kitchen, spacious living room, and 1 closed parking space. Built with aluminum frames and double-glazed windows, tiled floors, and an energy certificate of class A. Enjoy sea views and proximity to the sea, supermarkets, and cafes/restaurants. The apartment includes an elevator, storage room, common swimming pool, and provision for air conditioning and internet. Ideal for permanent residence or investment in a growing area close to the coast. A stylish and comfortable living option in a prime location.