+ 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 Apartment in Paphos, Cyprus No. 26445

3

Bedrooms

3

Bathrooms

100.1 sq.m.

Square

Parameters

Property Description

This is 2 bedroom apartment in a stunning development with two five-storey blocks of apartments. Within the two blocks, one can find a range of 2 and 3 bedroom apartments, the majority of which will have excellent sea views. A number of features can be found in the development, such as a communal swimming pool for each block, solar panels which will improve the energy efficiency of the building, and of course the beautiful modern design of the building that comes with sleek lines, large window openings and concrete finishing. With its privileged location, the complex is nearby a very large number of amenities. Specifically, it is 1 minute driving distance from the round-about at the entrance of Paphos in Anavargos, allowing the residents to easily enter the highway connecting Paphos and Limassol. It is a very short driving distance away from a very large number of bars and restaurants, supermarkets. It is an excellent choice for future homeowners that want to either live permanently there or even purchase it as an investment and then rent it out.

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 Apartment in Paphos, Cyprus No. 26445

3 bedrooms Apartment in Paphos, Cyprus No. 26445

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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