5 bedrooms Villa in Anavargos, Paphos, Cyprus No. 58700

Bedrooms

188 sq.m.

Square

€ 465 000

€ 2 473 / 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 project consists of five villas located just a few meters from the International School in Anavargos, Paphos. Anavargos is only a 2 minute drive from the center of Paphos and is close to all amenities and facilities. It is only 1 minute to the International School and supermarkets, 2 minutes to the pharmacy, 7 minutes to the British School, 10 minutes to Kings Avenue Mall, 17 minutes to Coral Bay Beach, and 20 minutes to Paphos Airport.

Each unit features covered terraces and patios for indoor/outdoor living experiences. The area has become one of the most exclusive neighborhoods in the Paphos district thanks to its walking distance to the International School and major city amenities. Due to its proximity to the city and its location in an area of natural beauty, the properties can serve as both a primary residence and a vacation home, offering a unique lifestyle opportunity.

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