+ 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. 46318

2

Bedrooms

74 sq.m.

Square

Parameters

Property Description

This residential building is located in the city centre of Paphos and is designed with a focus on architectural clarity and practical living. The project has been developed in accordance with the regulations of the Town Planning Department, with careful attention to structural reliability and construction standards. The design balances functionality with visual coherence, creating a well-considered living environment.

The building structure has been engineered with attention to ground conditions and earthquake-resistant specifications, ensuring durability and long-term reliability. External finishes combine different materials to achieve a refined and consistent appearance. The façade incorporates clay brickwork and concrete elements, complemented by insulation layers and selected exterior finishes. Roofs are thermally insulated, and entrance doors meet fire safety requirements. Windows, patio doors and balcony doors are equipped with double-glazed units installed in thermal aluminium systems, contributing to everyday comfort and acoustic protection.

The main features of the project and the units:
• Location: Paphos, City Centre
• Apartments with 1–3 bedrooms
• 1–3 bathrooms
• External finishes with clay bricks and concrete
• Thermally insulated roof
• Fire-rated entrance doors
• Double-glazed windows and balcony doors on thermal aluminium systems

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

Features

Storage room

Storage room

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

Similar Property

450 000

2 Bedrooms

74 sq.m.

+ VAT

450 000

2 Bedrooms

74 sq.m.

+ VAT

450 000

2 Bedrooms

74 sq.m.

+ VAT

450 000

2 Bedrooms

74 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

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