2 bedrooms Penthouse in Geroskípou, Paphos, Cyprus No. 57999

Bedrooms

78 sq.m.

Square

€ 375 000

€ 4 808 / 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

Residential project conveniently situated on the outskirts of Paphos in the town of Geroskipou. The development is of modern design and consists of spacious apartments with large balconies, terraces and covered parking.

The property is set in a quiet convenient location and only a few minutes drive from Paphos town center and the shops, the hospital, university and just ten minutes drive to Paphos International Airport.

The project offers 2 and 3 bedroom apartments and features such as private and public gardens, covered parking and a lift.

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