€ 3 285 000

€ 8 131 / 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%

7 bedrooms Villa in Coral Bay, Pegeia, Paphos, Cyprus No. 8058

Bedrooms

Bathrooms

404 sq.m.

Square

Parameters

Property Description

This modern 7 bedroom villa is a freehold property with comfortable living and dining area, contemporary architecture and is perfect for luxury waterside living. This is a brand new project superbly located on the coastline in a pristine area of picturesque Coral Bay, within walking distance to the 5 Star Coral Beach Hotel and Resort, a 10 minute drive to the cosmopolitan Paphos area to the south east and the Akamas Nature Reserve to the north.

It is one of only a handful of developments in an area unparalleled in its natural beauty. The area is very popular with International holiday makers who are either living permanently in Cyprus or have invested in a holiday home. This unique resort development is on 65,000 sqm of land, located at one of the most sought a?er beach front locations in Cyprus and the Eastern Mediterranean.

The development will comprise of around 63 Freehold, luxury detached villas and junior villas, many of them with private swimming pool and with direct access to the sparkling blue waters of the Mediterranean Sea. A Residents Clubhouse, private pools and gardens, large verandas and patios, ample covered parking and superior interior finishes, are some of the project's features which make these luxurious properties an irresistible opportunity.

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.