+ 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 Apartment in Paphos, Cyprus No. 31752

3

Bedrooms

3

Bathrooms

115.6 sq.m.

Square

Parameters

Property Description

Luxury 2 bedroom Apartment whis is located outstanding feature of this luxury development, it’s the breathtaking, views of Pafos and the enchanting sun as it dapples on the sparkling Mediterranean coast. Owning a property at this development also makes perfect sense from an investment point of view. The development has been designed by an elite team of acknowledged and respected architects, which is reflected in both the aesthetic and functional superiority of the project. Then of course there is the location, which in property terms is always vital. Located on a hilltop, on the outskirts of the town, the project is only five minutes from a surplus of amenities and services, a delightful variety of Pafos’ Blue Flag beaches, and fifteen minutes from both Pafos International Airport and the acclaimed Venus Rock Golf Resort. As for the development itself, it will include luxury facilities such as a large, communal swimming pool, children’s paddling pool, and private gym with Jacuzzi and sauna and gender specific ablution conveniences. 

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

3 bedrooms Apartment in Paphos, Cyprus No. 31752

3 bedrooms Apartment in Paphos, Cyprus No. 31752

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

Swimming pool

Swimming pool

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