€ 2 000 000

€ 7 299 / 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%

274m2 Shop in Paphos, Cyprus No. 42950

274 sq.m.

Square

Parameters

Property Description

A mixed use complex of shops and apartments with a choice from 1 to 3 bedrooms. It is located in the central area of Paphos, which makes this project very desirable due to its convenient location. All the necessary amenities in just around the corner of this modern design complex.

All the apartments will have covered verandas as well as the covered parking space.

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