+ 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 Apartment in Paphos, Cyprus No. 43936

2

Bedrooms

85 sq.m.

Square

Parameters

Property Description

This development of apartments located in the Tombs of the Kings area is just a short walk to the Mall, supermarkets, bars and restaurants and the beaches. The building will feature 24 apartments.

Each apartment comes with spacious balconies, providing sunset sea views.

Specifications:

• Rooftop infinity swimming pool
• Quality materials and finishes
• Marble floors
• Wooden parquet in the bedrooms
• Covered parking spaces
• Communal jacuzzi, steam bath and sauna
• VRV for cooling
• Underfloor heating
• Water pressure system
• CCTV cameras
• External thermal insulation
• Barrier control – gated community
• Wall mounted toilets and walk in showers
• Intercom entrance door.

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

Statistics

€ 3 890

Price per sq.m.

179

Quality of Life Index

56

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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+ VAT

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+ VAT

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2 Bedrooms

85 sq.m.

+ VAT

605 000

2 Bedrooms

85 sq.m.

+ VAT

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