+ 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. 41356

3

Bedrooms

115 sq.m.

Square

Parameters

Property Description

A beautiful residential project located in one of Paphos most sought after areas, Universal.

The project consists of two buildings with 31 apartments, a large communal swimming pool, landscaped gardens, lobby facilities and an outdoor snack bar.

Designed to blend with its natural environment, surrounded by tall trees that offer privacy, the project is a real oasis just a 10-minute walk from the sea.

The project is located only a few minutes' drive from Paphos Town Centre and within walking distance from a hospital, University and the sea.

This development is a great opportunity for both independent buyers and investors.

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Common area with pool

Common area with pool

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

Cost of Living Index

Choose a city for comparison

Parameters

Paphos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229

Similar Property

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Verified property

3 bedrooms Apartment in Kissonerga, Paphos, Cyprus No. 53393

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3 Bedrooms

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IV quarter, 2028

115 sq.m.

+ VAT

465 000

3 Bedrooms

3 Bathrooms

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Features

Outdoor features

Common area with pool

Common area with pool

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