6 bedrooms Villa in Pegeia, Paphos, Cyprus No. 58337

Bedrooms

223 sq.m.

Square

€ 2 500 000

€ 11 211 / 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

An exclusive collection of spacious villas, located in Sea Caves area of St. George. Each villa is designed with contemporary elegance, featuring private pools, spacious layouts and high-end finishes. Residents will enjoy proximity to pristine beaches, walking trails, local restaurants and a nearby Hotel & Resort facilities, including a spa, fine dining and recreational activities.

Project also offers:

• A gated community
• Property management services
• Landscaped gardens.

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