3 bedrooms Villa in Geroskípou, Paphos, Cyprus No. 58318

Bedrooms

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

Contemporary detached villas set in a quiet residential area of Geroskipou (Paphos), offering privacy, comfort, and effortless indoor–outdoor living. Each villa sits on its own generous private plot, with the option to add a private fourth room at roof level opening onto a spacious terrace.

The location offers fast access to private schools, padel and golf facilities, the coast, and central Paphos with its shops and malls - combining a peaceful residential setting with everyday convenience.

Every villa comes finished to a high standard as included, with VRV air conditioning, thermal aluminium joinery, European ceramic tiles, a photovoltaic system, EV charger provision, electric entrance gate, smart-home provision, security system and covered parking. Buyers can further personalise their home with optional upgrades such as underfloor heating, a private swimming pool, and the roof-level fourth room.

Designed across three levels with open-plan living at ground floor, this development offers a rare opportunity to own a private, energy-efficient home in one of Paphos's most sought-after residential areas.

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