€ 3 450 000

€ 1 916 / 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%

5 rooms Building in Paphos, Cyprus No. 26205

Bedrooms

1801 sq.m.

Square

Parameters

Property Description

Lavish and modern building located in Paphos City Center, the construction can start in September. The project comprises of six 3bedroom apartments, three 2bedroom and two 4bedroom apartments on the top floor. A total of 11 apartments.The ground floor is a covered parking area, fit for 16 cars and accommodates separate storage rooms for each apt.Energy efficiency, quality, privacy and tastefully designed ergonomic spaces, suitable for small and big families.

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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