€ 270 000

€ 3 506 / 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. 53908

Bedrooms

Bathrooms

77 sq.m.

Square

IV quarter, 2028

Completion date

Parameters

Property Description

Modern 2-bedroom apartment for sale on the 1st floor in Paralimni, currently under construction. With 77 sq.m. of internal space and 22 sq.m. of covered verandas, 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.