€ 685 000

€ 7 062 / 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 Paphos, Cyprus No. 28461

Bedrooms

97 sq.m.

Square

Parameters

Property Description

New Residences complex is located in a prime location only 150m from the nearest beach, the Paphos lighthouse and the world-famous Tombs of the Kings are within walking distance. Also nearby are the King’s Avenue Mall, the Medieval Castle, and the two UNESCO World Heritage sitesProject of luxurious holiday apartment and villa by the sea, or an investment that will generate a steady flow of additional income. To satisfy the financial planning and different expectations of prospective buyers, the complex offers a choice of fully furnished and equipped 1 and 2-bedroom, en exclusive 3-bedroom penthouse or 10 exceptional villas. High-end specifications, smart technologies and total living comfort in Mediterranean style are a given.

Features

Fully furnished

Car park

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