€ 550 000

€ 2 003 / 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%

3 bedrooms Apartment in Anavargos, Paphos, Cyprus No. 36983

Bedrooms

Bathrooms

274.53 sq.m.

Square

Parameters

Property Description

A beautiful 3 bedroom apartment on the top floor in a stunning development with two five-storey blocks of apartments in Paphos. Within the two blocks, one can find a range of 2 and 3 bedroom apartments, the majority of which will have excellent sea views. A number of features can be found in the development, such as a communal swimming pool for each block, solar panels which will improve the energy efficiency of the building, and of course the beautiful modern design of the building that comes with sleek lines, large window openings and concrete finishing.

With its privileged location, it is nearby a very large number of amenities. Specifically, it is 1 minute driving distance from the round-about at the entrance of Paphos in Anavargos, allowing the residents to easily enter the highway connecting Paphos and Limassol. The hospital of Paphos is just across the street from the rear side of the development, a short walking distance away. A number of public and private schools can be found within a short radius. The renowned International School of Paphos is 5 minutes drive away. It is a very short driving distance away from a very large number of bars and restaurants.

Overall, it is an excellent choice for future homeowners that want to either live permanently there or even purchase it as an investment and then rent it out.

Anavargos is a quiet village with a traditional square, a picturesque whitewashed church and locally renowned tavernas serving delicious home cooked food. All the amenities of Paphos, including the General Hospital, are just 5 minutes drive away, you will also be in walking distance of the excellent modern International School (kindergarten to sixth form). There are local shops for all those items you may need in a hurry! It enjoys elevated views of the sea (only 10 minutes drive) and Paphos in the distance. Just above the humidity level, the climate is comfortable in the hot mid-summer sun.