+ 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%

3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 57367

3

Bedrooms

3

Bathrooms

144 sq.m.

Square

Parameters

Property Description

This detached villa in Geroskipou is being sold off plan, with a completed internal space of 144 square meters, three bedrooms and three bathrooms, built to an energy efficiency rating of A. The layout gives each of the three bedrooms its own bathroom, a configuration that suits day-to-day living without shared facilities. Being off plan, the villa is not yet built, and buyers are purchasing ahead of construction.

Outside, the villa sits within a gated complex and includes a private swimming pool. It is positioned sea front, with a sea view, and the complex is described as close to amenities.

Geroskipou sits on the south-west coast of Cyprus, immediately adjacent to Paphos, of which it effectively forms a continuous coastal extension. The area combines a traditional town core with newer low-rise residential development, typical of the growth this stretch of coastline has seen. As a coastal settlement of this size, it carries the amenity pattern that comes with it, from everyday shops and services to leisure facilities geared toward both residents and visitors. For a buyer, the setting means direct coastal access and an outlook over the sea rather than an inland one.

For further details on the off-plan build schedule and to discuss next steps, contact Purple International Real Estate.

Features

Close to the beach

Close to the beach

Sea view

Sea view

Alarm system

Alarm system

Plastic windows with double glazing

Plastic windows with double glazing

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Similar Property

750 000

3 Bedrooms

144 sq.m.

+ VAT

750 000

3 Bedrooms

144 sq.m.

+ VAT

750 000

3 Bedrooms

144 sq.m.

+ VAT

750 000

3 Bedrooms

144 sq.m.

+ VAT

3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 57367

3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 57367

Features

Location

Close to the beach

Close to the beach

Sea view

Sea view

Features

Alarm system

Alarm system

Plastic windows with double glazing

Plastic windows with double glazing

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

Air Conditioners

Air Conditioners

Kitchen Appliances

Kitchen Appliances

Built-in closet

Built-in closet

Private pool

Private pool

Ceramic flooring

Ceramic flooring

Modern design

Modern design

Luxury real estate

Luxury real estate

Indoor facilities

Heating system

Heating system

Outdoor features

Barbecue area

Barbecue area

Gated community

Gated community

Transport accessibility

Transport accessibility

Car park

Car park

Garden

Garden

Swimming pool

Swimming pool

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