€ 1 120 000

€ 11 200 / 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%

3 bedrooms Apartment in Chloraka, Paphos, Cyprus No. 57508

Bedrooms

Bathrooms

100 sq.m.

Square

Parameters

Property Description

Three bedrooms and three bathrooms occupy 100 square meters in this off-plan apartment in Chloraka. The unfurnished interior receives underfloor heating throughout. Each bedroom connects to its own bathroom, with a third full bath serving additional guests or daily needs.

Chloraka sits on the northwest coast of Cyprus, between the port city of Paphos and the Akamas Peninsula. Restaurants, pharmacies, supermarkets and a medical centre serve the area. Low-rise apartments and villas make up most of what is built here. The coast opens onto the Mediterranean Sea, with swimming and boat trips available from nearby beaches.

Communal facilities include a swimming pool. Contact Purple International Real Estate to arrange a viewing of this off-plan property.