3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 54520

Bedrooms

137 sq.m.

Square

€ 560 000

€ 4 088 / 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%

Parameters

Property Description

A residential development in the suburbs of Paphos, offering modern three-bedroom villas with private swimming pools.

Each villa features a spacious open-plan layout, high-quality finishes and thoughtful design that seamlessly blends comfort and elegance. Private pools and landscaped gardens create the perfect setting for relaxation and the enjoyment of the Mediterranean lifestyle.

Nestled in a quiet and green neighbourhood, the development offers a peaceful atmosphere while maintaining convenient access to the city, beaches, schools and shopping facilities.

An ideal choice for both permanent residence and property investment in Cyprus.

The Project has EPC certificate with "A" Energy Efficiency Rating.