€ 349 000

€ 3 490 / 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%

2 bedrooms Apartment in Kato Paphos, Paphos, Cyprus No. 27598

Bedrooms

100 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: Beautiful modern spacious apartments with 2 and 3 bedrooms in a new complex within walking distance from the sea in the city center with an area of 100 m2 in an area with rich infrastructure and excellent investment potential - excellent rental prospects. The complex is being rented in the summer of 2024 and provides an opportunity to obtain permanent residence.• Property type: apartments
• Number of bedrooms: 2-3
• Number of agricultural units: 2-3
• Area from 100 m2
• Number of floors 3
• Commissioning - summer 2024
• Indoor parking space for each apartment is included in the price
• Storage room for each apartment
• Swimming pool
• Closed area
• Distance from the sea 1 km
• All infrastructure is nearby
• Investment potential
• A sought-after area for rent
• Perfect for year-round living
• The possibility of obtaining permanent residence
• Cost from 349,000 euros + VAT

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