+ 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. 29059

3

Bedrooms

3

Bathrooms

113 sq.m.

Square

Parameters

Property Description

This unique 3-bedroom, 3-bathroom luxury penthouse, located in Pafos Old Town. Specifications:• Individual provision for electric car charger• Storage on the ground floor level• Covered parking• Master bedroom en-suite• Doorbell color camera• Large bedrooms• Large balconies• Security apartment entrance door• Security building main entrance door• Pressurized water supply system• Hot water solar panels• Provision for air conditioners• Thermal walls – 8cm polystyrene wrapping the building• Thermal aluminum window (type MUSKITA 3000 THERMAL)• Energy efficiency class A certificate issued• Gated community• Surveillance cameras around the building• Photovoltaic system for each apartment• Photovoltaic system for the common electricity consumption• Bedrooms windows with electric shutters• Luxury sanitary ware • Concealed A/c units • Underfloor central heating • Granite kitchen worktop • Full electrical appliances (white goods)

Features

Veranda

Veranda

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. 29059

3 bedrooms Apartment in Paphos, Cyprus No. 29059

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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