4 bedrooms Villa in Pegeia, Paphos, Cyprus No. 58344

Bedrooms

308 sq.m.

Square

€ 2 950 000

€ 9 578 / 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 exceptional luxury villa in the prestigious Sea Caves area, only 100 metres from the sea, offering breathtaking, unobstructed sea views and the serenity of an elite coastal neighbourhood. The ground floor holds spacious open-plan living and dining areas with large openings that frame the sea views and connect seamlessly with the outdoors; the first floor offers four generously sized bedrooms with panoramic views; the basement adds two flexible-use rooms ideal for guest accommodation, a gym, a cinema room or a home office. Underfloor heating runs throughout the villa. Set on a plot of 4,255 m2 with a private swimming pool, landscaped gardens and large outdoor living and entertaining areas, the villa combines modern architectural design with high-quality finishes — an ideal permanent residence, holiday home or high-end investment property.

The main features of the project and the units:

• Underfloor heating throughout
• Unobstructed sea views
• Plot of 4,255 m2 with a private pool and landscaped garden
• 4 bedrooms plus 2 flexible-use basement rooms
• Photovoltaic panels
• Covered parking

The project has an EPC certificate with "A" energy efficiency rating.