+ 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%

Studio Apartment in Paphos, Cyprus No. 30457

Studio

Bedrooms

1

Bathrooms

33 sq.m.

Square

II quarter, 2026

Completion date

Parameters

Property Description

This is new boutique development offering residences and shops in the heart of Pafos centre. Modern city apartments, within walking distance of stylish cafes, bars and the shopping quarter. The beautiful historic centre of Pafos, as well as its financial and business district, are only minutes away. This elegant contemporary development consists of a residential block with 1- and 2-bedroom apartments and a commercial block with offices and shops, all with high quality finishes and specifications.

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

Studio Apartment in Paphos, Cyprus No. 30457

Studio Apartment in Paphos, Cyprus No. 30457

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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