+ 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%

1072m2 Building in Paphos, Cyprus No. 29374

1072 sq.m.

Square

I quarter, 2026

Completion date

Parameters

Property Description

This is a modern and exquisite commercial and residential landmark in Paphos. This prestigious project encompasses spacious offices, luxurious 3-bedroom apartments, covered parking spaces, and a rooftop with a swimming pool, offering an unparalleled living experience in the heart of the city. Nestled on Apostolou Pavlou Avenue, one of Paphos' most commercialized streets, the tower enjoys a prime location between the vibrant city center and the popular tourist hub of Kato Paphos, ensuring convenient access to the best of both worlds. Strategically positioned, the building is just a 5-minute drive from either Paphos city center or the bustling 'main strip' of Kato Paphos, making it an ideal investment for those seeking a central and dynamic lifestyle. Enveloped by a myriad of commercial businesses, including a university, shops, offices, coffee shops, and banks, residents have a wealth of amenities right at their doorstep. Indulge in the epitome of modern luxury and functionality at this building, where a harmonious blend of commercial and residential spaces sets the stage for an elevated living and business environment.

Features

Veranda

Veranda

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

1072m2 Building in Paphos, Cyprus No. 29374

1072m2 Building in Paphos, Cyprus No. 29374

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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