+ 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 Penthouse in Paphos, Cyprus No. 28485

3

Bedrooms

3

Bathrooms

118.5 sq.m.

Square

Parameters

Property Description

Exclusive 3 bedroom penthouse -Exclusive access to roof garden! The residential building is sited in the Moutallos area, close to the Tombs of the Kings landmark. The four-storey building provides six two-bedroom apartments on the first two floors each with covered verandas. The third floor offers two two-bedroom apartments both with covered verandas. The fourth floor is occupied by a three-bedroom penthouse with private access to the roof garden, which includes a BBQ and sitting area and an outdoor Jacuzzi. Storage units and secure parking are provided for all residents. The common swimming pool area with ample sunbathing area provides privacy and is surrounded by flowers and shrubs. The building is designed to allow views and privacy and stands out from surrounding buildings.

Features

Veranda

Veranda

Storage room

Storage room

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 Penthouse in Paphos, Cyprus No. 28485

3 bedrooms Penthouse in Paphos, Cyprus No. 28485

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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