+ 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. 41562

3

Bedrooms

89 sq.m.

Square

Parameters

Property Description

This contemporary residential development is ideally located in the heart of Paphos. Designed with modern living in mind, the building offers a harmonious blend of comfort, style and convenience.

The development comprises 16 apartments across three floors. Each apartment features its own covered veranda to enjoy the surrounding views.

Situated just minutes away from three universities, as well as a wide range of shops, supermarkets, restaurants and other amenities, the project offers a lifestyle choice for students, professionals and families alike.

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

Features

Car park

Car park

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

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Features

Outdoor features

Car park

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