3 bedrooms Villa in Kissonerga, Paphos, Cyprus No. 57681

Bedrooms

123 sq.m.

Square

€ 520 000

€ 4 228 / 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

This development of houses is located in Kissonerga, Paphos and just less than 400 meters from the sea.

Each home comes fully equipped, with a private swimming pool, A/C split units, high quality white goods, a built-in BBQ bench, entrance gate, alarm system, and provisions for central heating.

Every house enjoys unobstructed views of Paphos and the Mediterranean Sea, while being just 2 minutes from the village center.

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