€ 699 000

€ 6 355 / 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. 44973

Bedrooms

110 sq.m.

Square

Parameters

Property Description

This development is located in the heart of the tourist area just a short walk to the Mall, bars and restaurants, old market and the beach. The building comprises of 7 apartments and a penthouse.

Other features of the development:

• Provision for smart home
• Underfloor heating
• A/C
• Swimming pool, jacuzzi, gym
• Optional storerooms (€5.000)
• CCTV cameras
• Gated access

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