+ 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. 28543

3

Bedrooms

3

Bathrooms

138.6 sq.m.

Square

Parameters

Property Description

New project in Paphos, which consists of modern block of 3 bedrooms sea-view apartments in the city center. The building’s modern lines and V-shape top view provide a unique character on its looks. There are 3 floors in total, each one with one with a 3-bedroom apartment. The indoors of each apartment are very spacious, with an open plan space between the kitchen, dining area and living area. All bedrooms have en-suite WC and bathroom and have access to a covered veranda. All apartments are identical in layout apart from the penthouse which enjoys a large uncovered & semi covered roof terrace. Each apartment is complemented with a laundry room, guest WC and access to the lift, covered parking and storage area. The development is in very close driving distance to the sea, to the Paphos promenade and Harbor, the Kings Avenue Mall and all city center amenities.

Features

Veranda

Veranda

Storage room

Storage room

Car park

Car park

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. 28543

3 bedrooms Apartment in Paphos, Cyprus No. 28543

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Car park

Car park

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