+ 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 Penthouse in Paphos, Cyprus No. 47938

3

Bedrooms

3

Bathrooms

104 sq.m.

Square

Parameters

Property Description

Located in a quiet residential area in the heart of Paphos, this development offers 3-bedroom apartments within walking distance of the old town and just a 5-minute drive from the beach, shops, restaurants, and other amenities. Each unit features an open-plan living, dining, and kitchen area with direct access to a covered balcony, three bedrooms, and three bathrooms. Selected apartments include a private roof garden. Additional benefits include a storage room, covered parking, underfloor heating, and a photovoltaic system. 

The main features of the project and the units:
• 3-bedroom apartments
• Open-plan living, dining, and kitchen areas
• Covered balconies
• Private roof garden in selected units
• Underfloor heating
• Photovoltaic system
• Storage rooms
• Covered parking

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

Features

Storage room

Storage room

Car park

Car park

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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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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