€ 595 000

€ 5 509 / 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. 29419

Bedrooms

Bathrooms

108 sq.m.

Square

Parameters

ID

29419
City

Cyprus
Type

Penthouse
Status

Off-plan
Veranda type

Covered
Bedrooms

3

Floor

3
Bathrooms

2
Square

108 sq.m.
Veranda area

50 sq.m.
To sea

1.2 km
Completed

No

Property Description

This luxury 3 bedroom, 2 bathroom penthouse ideally situated in the prime location of Universal, Paphos. The ground floor of the building features a shared swimming pool, and convenient changing room facilities. Adding an extra touch of exclusivity and luxury, the penthouse apartment boasts a spacious outdoor seating and BBQ area, capitalizing on the breathtaking views this development offers.The nearest beach, Kings Avenue Shopping Mall, and Paphos Harbor are all within a convenient 10-minute walk.This project presents an outstanding investment opportunity, expected to attract high demand for both short and long-term rentals, as well as resale. It serves as the ideal base for convenient city living, catering to local professionals and individuals seeking relocation. Highlights and features:Italian floors in all areasLaminated floors in bedroomsEnergy efficiency category A including thermal aluminumWater pressure systemBuilt-in kitchenBuilt-in wardrobesUnderfloor heating with Hydro BoxConcealed VRV system for coolingBathrooms with walk-in shower – Wall mounted toiletsElectric car gates plus provision for Electric car charger for each unitAlarm system in each unit and intercom with camera in entranceGated project with common swimming pool and covered parking

Features

Veranda

Storage room

Car park

Swimming pool

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