3 bedrooms Villa in Pegeia, Paphos, Cyprus No. 58325

Bedrooms

128 sq.m.

Square

€ 510 000

€ 3 984 / 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 contemporary development of 26 villas is located on the hills of Peyia, Paphos. It offers residents a communal swimming pool, private gardens and bright, open living spaces.

The development combines calm surroundings with convenient access to everyday amenities, schools, restaurants and local shops. Just a few minutes from the famous Coral Bay, the location provides easy access to the best beaches, dining options and the scenic Akamas Peninsula, while being only a 20 minutes drive from Paphos.

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