4 bedrooms Villa in Tremithousa, Paphos, Cyprus No. 57798

Bedrooms

148 sq.m.

Square

€ 495 000

€ 3 345 / 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

A collection of twenty residences in Tremithousa, a hillside suburb north of Paphos. The development offers homes with two, three and four bedrooms on private plots of 86–356 m², most of them with roof gardens of up to 30 m². Underfloor heating is available as an option.

The homes are built on a reinforced concrete frame to high specifications, with security fireproof entrance doors, high-specification aluminium windows with energy-efficient glazing and ceramic floors of a high European standard. Kitchens are fitted with techno-granite worktops and provisions for a full set of appliances, and hot water is supplied by a dual-energy solar heater. Every home has provisions for air conditioning in the living areas and all bedrooms, for wall heaters and heated towel rails, as well as provisions for a CCTV and alarm system; LED lighting is included. The roof gardens of the three- and four-bedroom homes come equipped with a pergola with a tent, a barbecue and a sink, with electricity and water provisions, and an electric-vehicle charging point is provided.

The main features of the project and the units:

• Underfloor heating (available as an option)
• Twenty residences with two, three and four bedrooms
• Private plots of 86–356 m²
• Roof gardens of up to 30 m²
• Equipped roof gardens with a pergola, barbecue and sink in the 3- and 4-bedroom homes
• Covered verandas
• Ceramic floors of a high European standard
• Techno-granite kitchen worktops
• High-specification aluminium windows with energy-efficient glazing
• Security fireproof entrance doors
• Provisions for air conditioning, wall heaters and heated towel rails
• Provisions for a CCTV and alarm system
• LED lighting
• Dual-energy solar water heater
• Electric-vehicle charging point

The project has an EPC certificate with "A" energy efficiency rating.