€ 625 000

€ 5 208 / 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%

3 bedrooms Penthouse in Paphos, Cyprus No. 29317

Bedrooms

Bathrooms

120 sq.m.

Square

Parameters

ID

29317
City

Cyprus
Type

Penthouse
Status

Off-plan
Veranda type

Covered
Bedrooms

3

Floor

4
Bathrooms

2
Square

120 sq.m.
Veranda area

80 sq.m.
To sea

1 km
Completed

Yes

Property Description

3 bedroom, 2 bathroom luxury penthouse for sale.Breathtaking SeaviewsPrivate Roof GardensLarge BalconiesPrivacyWalking distance to Kings Avenue Mall, restaurants & the beachCommunal swimming poolLatest specifications: Central heating, suspending ceilings, concealed – hidden a/c units, interior design – feature etc. Notes:No Transfer fees.The price is subject to only 5% VAT.

Features

Veranda

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