€ 320 000

€ 3 810 / 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%

2 bedrooms Apartment in Geroskípou, Paphos, Cyprus No. 55533

Bedrooms

Bathrooms

84 sq.m.

Square

IV quarter, 2027

Completion date

Parameters

Property Description

This modern 1st-floor apartment in Geroskipou offers comfortable and convenient living in a growing area. The property has 84 sq.m. of internal space, including 2 bedrooms and 2 bathrooms, making it ideal for a couple, single resident, or investment.
The apartment includes covered parking and storage , air-conditioning units and built-in electric shutters. It has Energy Efficiency Rating A . Optional photovoltaic systems and floor-heating packages are also available.
Residents will enjoy excellent communal facilities, including a swimming pool with changing rooms, a clubhouse with gym and exercise studio , a cafeteria, and a peaceful Japanese Zen garden .
The property is under construction with delivery expected at the end of 2027 and includes elevator access.
The location is very convenient: 3 minutes from the city centre, motorway, Neon Mall, and Neapolis University, 7 minutes from Geroskipou Beach, and only 15 minutes from Paphos Airport . A great choice for modern living or investment.