+ 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%

1 bedroom Apartment in Geroskípou, Paphos, Cyprus No. 54428

1

Bedrooms

45 sq.m.

Square

Parameters

Property Description

For sale: A charming studio apartment on the 1st floor in Geroskipou. This 45 sq.m. residence is thoughtfully designed with one bedroom, one kitchen, and one living room. Currently under construction, it promises modern living with air conditioning and aluminum frames. The property boasts an A-rated energy certificate, ensuring efficiency and sustainability. Ideally situated, the apartment is close to the sea and seaside, providing scenic views and leisurely beach outings. Additionally, it is near a major mall and the city center, offering easy access to shopping, dining, and entertainment options. Residents will also benefit from communal amenities, including a rooftop swimming pool and a shared garden, perfect for relaxation and socializing. This studio is an excellent investment opportunity, combining convenience, modern features, and a prime location. Contact us for more details and to schedule a viewing.

Features

Close to shopping malls

Close to shopping malls

City center

City center

First sea line

First sea line

Garden

Garden

Swimming pool

Swimming pool

Similar Property

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+ VAT

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1 bedroom Apartment in Geroskípou, Paphos, Cyprus No. 54428

1 bedroom Apartment in Geroskípou, Paphos, Cyprus No. 54428

Features

Location

Close to shopping malls

Close to shopping malls

City center

City center

First sea line

First sea line

Outdoor features

Garden

Garden

Swimming pool

Swimming pool

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