+ 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%

1 bedroom Apartment in Paphos, Cyprus No. 29005

1

Bedrooms

1

Bathrooms

58.6 sq.m.

Square

Parameters

Property Description

This is comfortable modern residences in the city centre of Paphos. The project comprises of studios, 1 and 2 bedroom apartments.The development is in very close proximity to a wide range of shops, restaurants, cafes, and bars while only being a short driving distance away from the Mall, nearby sandy beaches, and golf resorts such as the Golf Resort and the International School of Paphos. The upcoming American University of Beirut (AUB) and the Cyprus University of Technology will be in very close proximity to the project making these residences an ideal investment opportunity for rentals.The contemporary finishes and internal spaces of the apartments will offer all comforts to their future homeowners.

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

1 bedroom Apartment in Paphos, Cyprus No. 29005

1 bedroom Apartment in Paphos, Cyprus No. 29005

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

Outdoor features

Car park

Car park

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