+ 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 Paphos, Cyprus No. 45544

3

Bedrooms

147 sq.m.

Square

Parameters

Property Description

An exclusive resort of two high-rise towers of 15-16 floors with 2,3 and 4 bedroom apartments, duplexes and penthouses. The resort comprises of 20 deluxe residential villas. The luxury shops and restaurant on the ground floor are creating a metropolitan atmosphere and convenience to its residents. The private parking and storage facilities have been placed on the lower floor for the apartments while guests may use the convenient located parking available in the front are of the resort. Spacious villas are a choice for a discerning resident who requires only the best. The contemporary design will captivate  with the open space, while its specifications and contemporary embellishments will inspire a higher standard of lifestyle.

The Project has EPC certificate with "B" 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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147 sq.m.

+ VAT

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2 000 000

3 Bedrooms

147 sq.m.

+ VAT

2 000 000

3 Bedrooms

147 sq.m.

+ VAT

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