2 bedrooms Townhouse in Chloraka, Paphos, Cyprus No. 56372

Bedrooms

85 sq.m.

Square

€ 525 000

€ 6 176 / 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 collection of private retreats in located in Chlorakas, Paphos, just 800 metres from the sea. Each home is crafted in harmony with the surrounding Mediterranean landscape. Six semi-detached townhouses and four single-story bungalows, each with its own private heated pool, offer a serene, resort-like lifestyle ideal for permanent living, holiday escapes, or short-term rental investment.

Generous openings and carefully proportioned spaces allow natural light to move fluidly throughout the interiors, while seamless connections to the outdoors create a continuous dialogue between inside and landscape.

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