€ 395 000

€ 2 562 / 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. 37540

Bedrooms

Bathrooms

154.18 sq.m.

Square

Parameters

Property Description

This is a luxury 3 bedroom apartment for sale in Paphos, Cyprus. The residents will enjoy superb facilities such as a children’s paddling pool, a communal swimming pool, a private gym and landscaped gardens. The apartment is adjacent to a luscious green park with children’s playground facilities and is also close to all major city amenities, such as the Paphos Tourist area and Harbour and to the Kings Avenue Mall.

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.