3 bedrooms Penthouse in Geroskípou, Paphos, Cyprus No. 54834

Bedrooms

103 sq.m.

Square

€ 590 000

€ 5 728 / 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 beautiful resort-style gated residential complex in Geroskipou, Paphos.

The buildings are arranged around a landscaped central garden and communal pool area, and just moments from the sea, the town square and the city centre.

The complex offers a selection of one- and two-bedroom apartments and penthouses, all featuring bright interiors, covered verandas and high-quality finishes throughout. Kitchens are fitted with modern cabinetry and porcelain worktops, bedrooms include built-in wardrobes with integrated lighting, and all apartments benefit from electrical underfloor heating and a smart home provision for lighting control.

Directly opposite a nature park and within easy reach of sandy beaches, schools, medical centres, shopping and golf courses, this development is a balanced Mediterranean way of life, designed around comfort, greenery and everyday convenience.

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