€ 355 000

€ 7 100 / 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%

1 bedroom Apartment in Paphos, Cyprus No. 43047

Bedrooms

50 sq.m.

Square

Parameters

Property Description

The complex is located in the tourist area of Paphos, in 450 meters to the sea. The project will consist of 1 and 2 bedroom apartments, all of them with covered verandas and some of them will also have uncovered balconies.

Each apartment will be assigned a storage room as well as a parking space.

The development is conveniently located in walking distance to the sea as well as all the daily needed amenities as supermarkets, restaurants and many more.

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