2 bedrooms Penthouse in Kissonerga, Paphos, Cyprus No. 56378

Bedrooms

76 sq.m.

Square

€ 625 000

€ 8 224 / 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 coastal development in Kissonerga, Paphos, just a short walk from the Mediterranean Sea.

The complex offers a mix of sea-view apartments and private villas, each designed with clean modern lines, expansive glazing and natural textures that create an open, bright and coastal feel. Interiors are finished to a high standard with porcelain flooring, premium sanitary ware and contemporary cabinetry, while smart home systems, video intercom and remote-controlled gates are included as standard.

Residents enjoy a communal pool, landscaped gardens, roof gardens and a gym - a resort atmosphere that works equally well as a permanent home, a holiday retreat or a rental investment.

The villas offer a more private experience with generous outdoor areas, private swimming pools and rooftop gardens, designed around outdoor dining, sun-filled interiors and a calm sense of Mediterranean living.

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