+ 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%

2 bedrooms Apartment in Paphos, Cyprus No. 30803

2

Bedrooms

2

Bathrooms

81.8 sq.m.

Square

I quarter, 2026

Completion date

Parameters

Property Description

This is an upcoming luxury development project located in Paphos, Cyprus. The development will be constructed on a 9100-square-meter plot of land and will consist of five individual buildings. The project will feature a total of 72 luxury apartments, all of which will be finished to the highest standard. The development will be gated, providing residents with a level of security and exclusivity. Residents will have access to a wide range of luxury amenities including a spa, gym, lobby, concierge services, and 24-hour security. The project offers a variety of options for residents to relax and unwind, including lounging by the large communal pool with a separate pool for kids and a pool bar, as well as lounge areas. The development also includes green spaces with playgrounds for children and public landscaped areas. Located in a prime location adjacent to the Tombs of the Kings, this is one of the larger residential projects in Paphos. The area surrounding the development offers easy access to essential amenities such as shopping, dining, and transportation. The location and design of the development have been carefully considered to provide residents with top-notch amenities and modern facilities, ensuring a comfortable and luxurious living experience. All these features make the this project an ideal choice for those seeking high-end living and a solid investment opportunity.

Features

Veranda

Veranda

Car park

Car park

Common area with pool

Common area with 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

2 bedrooms Apartment in Paphos, Cyprus No. 30803

2 bedrooms Apartment in Paphos, Cyprus No. 30803

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Common area with pool

Common area with pool

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