€ 300 000

€ 3 472 / 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 Geroskípou, Paphos, Cyprus No. 54432

Bedrooms

Bathrooms

86.4 sq.m.

Square

Parameters

Property Description

For sale: A charming apartment on the 1st floor in Geroskipou. This 86.40 sq.m. residence is thoughtfully designed with 2 bedrooms, 2 bathrooms 1 kitchen, and 1 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.