€ 267 500

€ 4 864 / 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. 43654

Bedrooms

55 sq.m.

Square

Parameters

Property Description

The development comprises a variety of apartments spread over three floors. The apartments will include Smart Technology, Video intercom, covered parking, storage and a communal pool. The residents will be able to enjoy the sea views.

Each apartment boasts modern layout, space and natural light. The project will have a gated entrance. There is option for a concealed VRV air-conditioning and underfloor heating.

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