5 bedrooms Bungalow in Tala, Paphos, Cyprus No. 54964

Bedrooms

Bathrooms

185 sq.m.

Square

€ 895 000

€ 4 838 / 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 project consists of four villas and is located in Tala near the center of Paphos. The properties are characterized by spacious interiors and views of the local area. The project consists of 4 bedroom villas designed with modern architectural lines and local materials to blend in with their surroundings.

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