230 000

Price history

€ 230 000

€ 310 000

€ 3 067 / 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%

1 bedroom Apartment in Paphos, Cyprus No. 29434

1

Bedrooms

1

Bathrooms

75 sq.m.

Square

Parameters

Property Description

This cozy and beautiful project consists of 27 apartments, over three floors, with a large communal overflow swimming pool, landscaped gardens and an outdoor snack bar. The complex is located in the sought after area of Universal in Pafos, the most popular area for short terms rentals in Cyprus and one of the most popular for permanent living in Pafos.The large public green area opposite the plot offers unobstructed sea-view, enhancing the feel of tranquility and creating a secluded environment for the residents. The project is located only a few minutes' drive from Pafos Town Centre and within walking distance from Private Hospital, University and the sea. With developments in Universal enjoying higher rental yields and capital appreciation in the last years, the development is a great opportunity for both independent buyers and investors. Set apart from the lower town and main tourist area, this historic old quarter offers a more laid-back vibe as well as several cultural attractions. Although it is just 2 miles (3 kilometers) from the main seafront tourist area, Paphos City Center or Ktima as it is known locally, feels a world away.

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

1 bedroom Apartment in Paphos, Cyprus No. 29434

1 bedroom Apartment in Paphos, Cyprus No. 29434

Price history

€ 230 000

€ 310 000

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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