3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 57602

Bedrooms

144 sq.m.

Square

€ 795 000

€ 5 521 / 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

An exclusive, gated coastal development set on one of Paphos's most desirable seaside stretches, offering a collection of contemporary three-bedroom private villas. Thoughtfully designed with modern architecture and functional layouts, the villas feature private swimming pools and generous outdoor living areas.

The location combines beachfront living with excellent connectivity - close to beautiful beaches, beachfront hotels, restaurants, and cafés, with easy access to the town centre, harbour, and main highway. Schools, supermarkets, healthcare, and everyday amenities are all just a short drive away.

Each residence is finished to a high standard, with air conditioning, quality white goods, a built-in BBQ area, a photovoltaic solar system, an alarm system, and provisions for central heating and electric vehicle charging - all within a secure, gated seafront community.

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