€ 528 000

€ 6 600 / sqm

+ 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 Kato Paphos, Paphos, Cyprus No. 47888

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

This residential development is located in the center of Kato Paphos, within walking distance of the sea, the harbour, shops, restaurants, and other essential amenities. The project consists of 20 units across three floors, including studios, one-bedroom, and two-bedroom apartments. All homes are designed with functional layouts and natural light in mind. Residents have access to a communal swimming pool and secure private parking. The location offers excellent potential both for permanent residence and for investment purposes.

The main features of the project and the units:
• 20 residential units
• Studios, one-bedroom, and two-bedroom apartments
• Three-story building
• Communal swimming pool
• Private parking
• Located close to the sea, harbour, and amenities

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