5 bedrooms Villa in Paphos, Cyprus No. 54717

Bedrooms

209 sq.m.

Square

€ 6 000 000

€ 28 708 / 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 unique 6 bedroom project located on the west coast of Paphos in the stunning Sea Caves area. This modern villa with integrated smart home technology has been carefully designed to take full advantage of the magnificent sea views and majestic sunsets. The project includes spacious living areas, swimming pool and garden.

The main features of the project and the apartments:

• 300sqm covered area - 18.601sqm plot

• 6 Bedroom villa
• 500 meters from the sea
• Fitted with smart technology
• Spectacular sea and mountain views
• 20 minutes’ walk to Coralbay and the renowned blue flag awarded beach
• Swimming pool and BBQ
• Landscaped garden with irrigation system
• Mini Golf (optional)
• Tennis Court (optional)
• Freehold property with title deeds