+ 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 Duplex in Paphos, Cyprus No. 41614

2

Bedrooms

76 sq.m.

Square

Parameters

Property Description

This boutique residential development offers 7 premium apartments in a popular and convenient area of Paphos.

The residences include four spacious 2 bedroom apartments and 2 penthouses and 1 duplex, each featuring open-plan layouts, premium finishes and private balconies.

Residents will enjoy such features as underfloor heating, VRF climate control system.

Perfectly positioned in a central location, the development is within easy walking distance of essential amenities, including a gym, pharmacy, supermarket, restaurants and schools.

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

Features

Car park

Car park

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

373 500

2 Bedrooms

74 sq.m.

373 500

2 Bedrooms

74 sq.m.

420 000

2 Bedrooms

70 sq.m.

+ VAT

405 000

2 Bedrooms

70 sq.m.

Features

Outdoor features

Car park

Car park

Common area with pool

Common area with pool

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