+ 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%

4 bedrooms Penthouse in Paphos, Cyprus No. 23881

4

Bedrooms

416 sq.m.

Square

IV quarter, 2020

Completion date

Parameters

Property Description

Combines cutting-edge sophistication with modern design

to suit those who aspire to live on their own terms.

A mix development of nine villas, three lofts and nine apartments

Villas include secluded gardens, roof gardens and optional private swimming pools, creating

a relaxing private environment and oasis in the heart of the city. Is located

in the heart of Paphos, just off the Paphos harbour. With great access to schools, shops,

restaurants and Blue Flag beaches, the area is known as the “Universal area”; a great place to

live, work, shop and play. The neighborhood includes every amenity to complement modern living.

Features

Near Hospital

Near Hospital

Sea view

Sea view

City view

City view

Panoramic view

Panoramic view

Smart Home system

Smart Home system

Balcony

Balcony

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

Cost of Living Index

Choose a city for comparison

Parameters

Paphos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229

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Features

Location

Near Hospital

Near Hospital

Sea view

Sea view

City view

City view

Panoramic view

Panoramic view

Features

Smart Home system

Smart Home system

Balcony

Balcony

Terrace

Terrace

Air Conditioners

Air Conditioners

Furnished

Furnished

Indoor facilities

Restaurant

Restaurant

SPA center

SPA center

Private Gym

Private Gym

Elevator

Elevator

Outdoor features

Barbecue area

Barbecue area

School

School

Car park

Car park

Park

Park

Supermarket

Supermarket

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