House 156 м² in Heroskip, Cyprus

870 234 $

5 578 $ /м²

4OTip

House 156m² in Cyprus, Heroskip. Priced at 745000€ rent photo-

Area

156 м²

Bedrooms

A 4 bedroom villa for sale in Geroskipou, Paphos, Cyprus.

Located in the popular Geroskipou area of Paphos, this stunning villa is close to local restaurants, bars and stores and only a short drive from supermarkets, international schools and highways. There is a famous blue flag beach close to the project, which is only 3 minutes away by car. The project consists of 12 three and four bedroom villas with a combined traditional and modern design. All villas will have beautiful sea views with relaxing roof gardens and the option for a swimming pool. The project is under development and will be completed by July 2023. The villa has 4 bedrooms, covered parking, roof garden and BBQ area. Underfloor heating, VRV system and alarm system are included. Furniture (€40,000) and a private pool (€15,000) are available at an additional cost. The property is subject to VAT.

Additional details

Property type

All Types

Object type

House

Price

870 234 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Heroskip; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Heroskip short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (870 234 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Heroskip: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).