3 bedrooms Villa in Agia Marinouda, Paphos, Cyprus No. 57821

Bedrooms

Bathrooms

155 sq.m.

Square

€ 550 000

€ 3 548 / 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 off-plan residence in Agia Marinouda delivers 155 m2 of modern internal space designed to an energy efficiency class A rating.

The layout encompasses three bedrooms and two bathrooms, supported by a central air conditioning system installed throughout. The interior finish is available with an optional furniture package.

The property connects directly with an adjacent golf course and private grounds.

Agia Marinouda sits immediately east of Geroskipou in the Paphos district. The village consists primarily of low-rise detached houses and open agricultural land. Daily services in the settlement include local bakeries, pharmacies, and food markets. Paphos International Airport is around 15 minutes away by road.

Construction completes in 2028. Contact Purple International Real Estate to schedule a consultation.