+ 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. 47886

2

Bedrooms

2

Bathrooms

85 sq.m.

Square

Parameters

Property Description

This residential project is located in the center of Paphos and consists of 21 units across three floors. The development offers a mix of studios, one-bedroom, and two-bedroom apartments. Residents have access to a communal swimming pool and private covered parking. The location provides walking-distance access to all essential amenities.

The main features of the project and the units:
• 21 residential units
• Three-story building
• Studios, one-bedroom, and two-bedroom apartments
• Communal swimming pool
• Private covered parking
• Located in the city center of Paphos

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

Features

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

Similar Property

400 000

2 Bedrooms

85 sq.m.

+ VAT

400 000

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

400 000

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

400 000

2 Bedrooms

2 Bathrooms

85 sq.m.

+ VAT

Features

Outdoor features

Car park

Car park

Common area with pool

Common area with pool

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