4 bedrooms Villa in Pegeia, Paphos, Cyprus No. 56442

Bedrooms

154 sq.m.

Square

€ 1 150 000

€ 7 468 / 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

The Villas are located in one of the most beautiful parts of the island and are only a 5-minute walk from the famous resort in the area. The complex offers amazing views of the Mediterranean Sea and is just a minute away from the blue waters.

The concept of the floor plan design capitalizes on the sea views and its modern aesthetic honors the natural surrounding elements with the use of natural sunlight.

The project consists of spacious villas, each with a private pool, close to all the amenities like shops, restaurants and schools. The villas blend harmoniously with the natural landscape, maintaining high specifications and finishes that provide complete privacy and tranquillity to the residents.

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