+ 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. 46301

1

Bedrooms

1

Bathrooms

50 sq.m.

Square

Parameters

Property Description

This residential development is located in the city centre of Pafos, on the border of Geroskipou and Universal, in a setting surrounded by green areas, trees and parks. The project combines a central location with a calm residential environment and offers convenient access to the highway, the old town, the harbour, the beach and Pafos International Airport.

The development consists of a limited number of just 27 apartments, designed with modern open-plan layouts and contemporary architecture. The residences are created to support both comfortable living and investment purposes, with a concept that includes full hands-free management and attractive return potential for the area.

The project offers one-, two- and three-bedroom apartments, along with a selection of penthouses featuring private roof gardens and sea views. Residents benefit from a private parking space and a dedicated storage room, while shared amenities include a swimming pool and a fully equipped gym with changing rooms.

The main features of the project and the units:
• Prime central location on the border of Geroskipou and Universal
• Surrounded by green areas, trees and parks
• Only 27 apartments in total
• One-, two- and three-bedroom apartments
• Four penthouses with private roof gardens and sea views
• Modern open-plan layouts
• Contemporary architecture and premium finishes
• Swimming pool
• Fully equipped gym and fitness centre with changing rooms
• Private parking space
• Private storage room
• Full hands-free management concept
• Five-year warranty
• 15 minutes to Pafos International Airport
• 5 minutes to the highway
• 5 minutes to the old town
• 5 minutes to the harbour and the beach

The project has an EPC certificate with “A” energy efficiency rating.

Features

Storage room

Storage room

Car park

Car park

Common area with pool

Common area with pool

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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1 Bedrooms

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225 000

1 Bedrooms

1 Bathrooms

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

Common area with pool

Common area with pool

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