€ 1 260 000

€ 5 600 / 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%

4 bedrooms Villa in Paphos, Cyprus No. 58276

Bedrooms

Bathrooms

225 sq.m.

Square

Parameters

Property Description

This seafront detached villa in Latchi looks directly out across open water with uninterrupted sea views.

Inside, 225 m2 of internal space accommodates four bedrooms and three bathrooms, with an internal elevator connecting the levels. Underfloor heating runs throughout the layout, and the construction holds a class A energy efficiency rating.

Outside, the grounds feature a private swimming pool positioned along the waterfront.

Latchi is a coastal harbor village that sits just west of Polis Chrysochous. The waterfront is built around a marina alongside seafood restaurants, grocery stores, and boat hire services. The coastline opens directly onto Chrysochou Bay and borders the Akamas Peninsula. Low-rise villas and holiday residences make up the local building stock.

With construction scheduled for completion in 2028, contact Purple International Real Estate for full details on this off-plan purchase.