€ 520 000

€ 4 119 / 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%

3 bedrooms Villa in Pegeia, Paphos, Cyprus No. 58226

Bedrooms

Bathrooms

126.25 sq.m.

Square

Parameters

Property Description

Looking out over the Mediterranean with clear sea views, this detached villa in Peyia provides 126.25 m2 of internal space currently under construction.

The layout includes three bedrooms and three bathrooms, built to an energy efficiency category A specification. Underfloor heating is installed throughout the living spaces, with the property available with optional furnishings.

Outside, the grounds include a private swimming pool alongside access to a golf course.

Peyia sits just inland from Coral Bay in the Paphos district. The town comprises low-rise houses and apartment buildings. Supermarkets, pharmacies, bakeries, and restaurants operate throughout the center, leading toward the sea at Coral Bay.

Contact Purple International Real Estate to arrange a viewing or discuss the current construction progress.