3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 57313

Bedrooms

140 sq.m.

Square

€ 575 000

€ 4 107 / 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

Two exclusive contemporary design villas, each with three bedrooms, located in Geroskipou area, Paphos. The development is just minutes away from the sea and the center of Paphos.

Each villa will have its private swimming pool and a covered parking. Water underfloor heating is included in the price.

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