€ 520 000

€ 15 294 / 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%

34m2 Shop in Paphos, Cyprus No. 36965

34 sq.m.

Square

Parameters

Property Description

This project is a modern development in Paphos city center, offering spacious serviced apartments designed for practicality and style. Residents benefit from concierge and housekeeping services, private parking, and proximity to essential amenities, including government offices, universities, and shopping centers. Whether for extended stays or shorter trips, this project is a prime choice for comfortable and accessible city living.

Kato & Pano Paphos- Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the areas government institutions.