€ 470 000

€ 5 875 / 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%

2 bedrooms Apartment in Paphos, Cyprus No. 37703

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

For sale: A modern top-floor apartment currently under construction, located in the sought-after area of Universal. Spanning 80 m2 of internal space, this apartment offers a thoughtful layout with two comfortable bedrooms, two stylish bathrooms, and an open-plan living and kitchen area. Enjoy the benefits of a central air conditioning system and energy efficiency class A, designed to keep your living costs low while providing year-round comfort.

The apartment is situated in a gated complex with contemporary architecture and quality finishes. Residents have access to exclusive facilities, including a communal swimming pool and a fully equipped gym. Step out onto your private balcony and take in views of the surrounding neighborhood, all accessed conveniently by elevator.

Universal is a vibrant and diverse area, popular with both locals and visitors. It is known for its convenient location, with easy access to the highway, local shops, supermarkets, and a variety of services. The neighborhood offers a peaceful atmosphere while being just minutes from schools, restaurants, and entertainment options.

Completion is expected in 2028, making this a rare opportunity for early buyers. For more information, contact Purple International Real Estate and secure your place in this exciting new development.