2 bedrooms Apartment in Geroskípou, Paphos, Cyprus No. 54741

Bedrooms

Bathrooms

80 sq.m.

Square

€ 371 700

€ 4 646 / 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

This modern residential complex in Paphos consists of two blocks, A and B, offering 16 two-bedroom apartments arranged over two floors above ground-level parking with 18 covered spaces. Residents have access to a communal swimming pool and a rooftop area equipped for sports.

Each apartment features two bedrooms and two bathrooms, an internal area from 75 to 80 m² and a covered veranda of around 19-20 m², along with a storage room and covered parking. Included in the price are a split-unit cooling system and an alarm system with intercom; a furniture package is available as an option for €30,000.

The main features of the project and the units:

• Communal swimming pool
• Rooftop sports area
• 2 bedrooms and 2 bathrooms in all apartments
• Split-unit cooling system
• Alarm system with intercom
• Storage rooms
• 18 covered parking spaces
• Optional furniture package

The project has an EPC certificate with "A" energy efficiency rating.