2 bedrooms Apartment in Kissonerga, Paphos, Cyprus No. 54747

Bedrooms

Bathrooms

80 sq.m.

Square

€ 371 000

€ 4 638 / 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 exclusive private complex is located in Kissonerga, a tranquil coastal village between Paphos and Coral Bay, just 7 minutes from one of the best beaches in Cyprus. The development consists of 12 apartments with one or two bedrooms arranged over two floors, with a communal swimming pool for residents' use.

One-bedroom apartments offer 50 m² of internal space with covered verandas of 16.5 m², while two-bedroom apartments provide 80 m² with verandas ranging from 14 to 26 m². Every apartment comes with covered parking and a storage room. Included in the price are a split-unit cooling system and an alarm system with intercom; a furniture package is available as an option (€25,000 for one-bedroom and €30,000 for two-bedroom units). The area combines peaceful village living with easy access to the city centre, beaches and sea-view walking trails.

The main features of the project and the units:

• Communal swimming pool for residents
• 1 and 2 bedroom apartments
• 7 minutes from the beach
• Split-unit cooling system
• Alarm system with intercom
• Storage rooms
• Covered parking
• Optional furniture package

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