€ 693 000

€ 2 772 / 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%

3 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 7728

Bedrooms

Bathrooms

250 sq.m.

Square

Parameters

Property Description

Individually designed 3 bedroom villas although close to the sandy beach have large verandas and sun terraces with spectacular views of the Mediterranean. Within the estate there are also plots of land for sale with permission to build houses. All necessary services are provided including wide asphalted roads, electricity, water, lighting and drainage.

The area is one of the most exclusive real estate areas in Cyprus and is set on the edge of one of the best beaches in the Paphos region. There are many benefits including discounts at all restaurants, bars, shops and spa treatments and special privileges regarding rooms at the hotels.

This 3 bed 3 en suite property has a lower ground floor and ground floor levels. Living Room/Dining Room/Kitchen/Storeroom/External Office-Kiosk/Studio Flat/Mature Gardens/Double Carport-Garage.

Coral Bay is a popular tourist resort in the Peyia municipality 6 km north of the city of Paphos. As the largest village in Paphos bordering Kathikas, Akoursos, Kissonerga and the Akamas Peninsular there is plenty to do including swimming at the renowned Blue Flag awarded Coral Bay Beach with its 600m crescent of soft white sand. With the abundance of amenities in the area Peyia (Coral Bay) caters for most needs. You will find a wide choice of restaurants, traditional taverns and bars to accommodate everyone.