€ 390 000

€ 3 750 / 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%

3 bedrooms Apartment in Kato Paphos, Paphos, Cyprus No. 44416

Bedrooms

104 sq.m.

Square

Parameters

Property Description

This complex is a modern mixed-use development with 1 and 3 bedroom apartments, 3-bedroom maisonettes and shops, located in the heart of the tourist area of Paphos.

The properties are adjacent to a public park with walking distance to the Kings Avenue Mall, the Paphos Harbour, sandy beaches, and a variety of bars, restaurants, and hotels.

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