€ 290 000

€ 4 394 / 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%

1 bedroom Apartment in Kato Paphos, Paphos, Cyprus No. 25371

Bedrooms

66 sq.m.

Square

II quarter, 2026

Completion date

Parameters

Property Description

Next is the automatic translation: A promising elite development project located in the popular tourist area of the Tomb of the Kings near the city center, bars, restaurants, shops, international schools and the entire infrastructure of the city of Paphos. The complex will be built on a plot of 9,100 square meters and will consist of five separate buildings. The project will consist of a total of 72 luxury apartments, each of which will be decorated to the highest standards.

The complex will be closed, which will provide residents with an appropriate level of security and exclusive access to the complex. Residents will have access to a wide range of luxury amenities, including a spa, gym, lobby, concierge services and 24-hour security. The project gives residents the opportunity to choose from a variety of recreational options, including a large communal pool with a separate pool for children and a pool bar, as well as recreation areas. The complex also includes green areas with playgrounds for children and public landscaped areas.

Located in an excellent location, next to the royal tombs, the complex is one of the largest residential developments in Paphos. The area surrounding the complex has easy access to basic infrastructure such as shops, restaurants and transport. The location and design of the complex have been carefully thought out to provide residents with first-class amenities and modern facilities that guarantee a comfortable and luxurious life.

All these features make it an ideal choice for those looking for high-end housing and reliable investment opportunities.

• Property type: apartments
• Number of bedrooms: 1-3
• Number of units: 1-2
• Area from 66 to 110 m2
• Distance from the sea 700 m
• Installment payment until June 2026
• The possibility of obtaining permanent residence
• Energy efficiency class: A
• New complex by the sea
• Closed and guarded complex
• Large covered terrace
• The presence of a large communal pool and a separate pool for children
• Gym
• Lobby bar
• Concierge service
• SPA center
• Jacuzzi
• Sauna
• Children's playground
• Beautiful park area with green lawns
• The area of the complex is 9100 m2
• An ideal investment solution, as well as a great place to live.
• The proximity of all types of services, schools, supermarkets and walking areas
• Very high level finishing
• The possibility of installing heating and a set of furniture for an additional fee
• The cost is from 290 to 600,000 euros + VAT