+ 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. 46509

3

Bedrooms

2

Bathrooms

137 sq.m.

Square

Parameters

Property Description

This residential development is located in the heart of Paphos City and combines a luxurious yet affordable concept with distinctive architecture and careful attention to detail. The complex consists of two blocks offering a total of 45 apartments with one-, two-, and three-bedroom layouts. Each apartment features open-plan living spaces, high-quality design, and large windows that allow abundant natural light. Built to high standards with premium materials and finishes, the development provides private parking, an in-house gym, and access to a communal swimming pool set within landscaped gardens. Positioned between the City Centre and the Tourist Area, the location is well suited for permanent living as well as for generating rental income from tourists and students, with easy access to shops, dining, cultural attractions, transport links, educational institutions, and healthcare facilities.

The main features of the project and the units:
• Two residential blocks
• Total of 45 apartments
• One-, two-, and three-bedroom apartments
• Located in the heart of Paphos City
• Positioned between the City Centre and the Tourist Area
• Open-plan layouts with large windows
• Private parking for apartments
• In-house gym
• Communal swimming pool
• Landscaped gardens
• Close to shops, restaurants, and cultural attractions
• Good access to transport links
• Near supermarkets, educational institutions, and healthcare facilities

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

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

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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