€ 616 800

€ 7 431 / 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 Paphos, Cyprus No. 48389

Bedrooms

83 sq.m.

Square

Parameters

Property Description

Located in the heart of Paphos, this boutique residential development offers just nine generously sized apartments designed for comfortable everyday living or long-term investment. With a focus on privacy and convenience, the building combines practical layouts, elegant materials, and direct access to essential amenities.

Set within walking distance of schools, universities, restaurants, shops, and public services, the project supports a car-free lifestyle in a central, well-connected area. Features such as underground parking, large private terraces, and refined finishes, including white Egyptian marble, enhance the overall functionality and aesthetic.

Due to the nearby presence of Neapolis University and the newly established American University of Beirut campus, the area experiences consistent demand from students, professionals, and academic staff—creating strong rental potential for investors.

The project includes only nine units, making this a limited opportunity for buyers seeking both location and long-term value in central Paphos.

The main features of the project and the units:

• Limited collection of 9 residences
• Located in the city center of Paphos
• Walking distance to schools, shops, banks, restaurants, and universities
• Underground parking
• Spacious private terraces
• Elegant architecture with white Egyptian marble
• Strong rental demand from students and professionals
• Projected ROI from 4%+
• High occupancy rates year-round
The project has an EPC certificate with “A” energy efficiency rating.