+ 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 Paphos, Cyprus No. 25457

3

Bedrooms

3

Bathrooms

145.8 sq.m.

Square

Parameters

Property Description

This amazing new project been designed to set a new precedent for luxury living in Cyprus. These state-of-the-art apartments and villas, centrally located in the heart of Pafos, offering sweeping views of the city and the alluring waters of the Mediterranean and beyond. 
It is a modern residential complex in the city center of Paphos. It consists of 2- and 3-bedroom apartments with a communal swimming pool and a total of two 3-bedroom villas which will have their own private swimming pools.  Other than its contemporary and functional design, the other major advantage of this complex is its proximity to all city centre amenities such as the Kings Avenue Mall, a number of restaurants and bars, a few minutes’ drive to the beach, and two upcoming universities that will open up in Paphos – the American University of Beirut, and the Cyprus University of Technology.

Features

Veranda

Veranda

Car park

Car park

Swimming pool

Swimming pool

Statistics

€ 3 890

Price per sq.m.

179

Quality of Life Index

56

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

3 bedrooms Villa in Paphos, Cyprus No. 25457

3 bedrooms Villa in Paphos, Cyprus No. 25457

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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