€ 495 000

€ 4 760 / 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 Paphos, Cyprus No. 37381

Bedrooms

Bathrooms

104 sq.m.

Square

Parameters

Property Description

For sale: A modern, under construction penthouse apartment located in the desirable Universal area. With an internal space of 104 m², this property offers three comfortable bedrooms and two stylish bathrooms, making it perfect for families or those seeking extra space.

This penthouse boasts direct elevator access, ensuring convenience and privacy. Designed with energy efficiency A, it promises lower utility costs and a reduced environmental impact. Scheduled for completion in 2027, the apartment is situated in a gated complex, providing added security and peace of mind. Residents will enjoy access to a communal swimming pool, ideal for relaxing or socializing with neighbors.

Universal is a popular, vibrant neighborhood well-known for its mix of modern developments and local charm. The area offers easy access to a wide range of amenities, including shops, restaurants, schools, and public transport. Its close proximity to entertainment and leisure facilities makes it a top choice for comfortable living.

This rare opportunity is brought to you by Purple International Real Estate, specialists in quality properties in prime locations. Contact us today to secure your new home in Universal.