€ 315 000
€ 3 889 / sqm
+ VAT
+ 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.
2 bedrooms Penthouse in Paphos, Cyprus No. 48679
2
Bedrooms
81 sq.m.
Square
Parameters
Property Description
Located near Evaggelismos Hospitall, this residential development features a selection of two-bedroom apartments designed with functionality and modern living in mind. The building is currently under construction using reinforced concrete and thermal insulation materials, adhering to seismic regulations and energy efficiency standards. With thoughtful interior finishes and durable external materials, each unit is intended to offer a comfortable and long-lasting living environment.
The apartments are equipped with underfloor heating, electric shutters, air conditioning provisions, and complete sanitary and electrical installations. Premium ceramics, granite finishes in the kitchen, and high-quality carpentry work add to the overall practical value. All residences include solar water heating systems and benefit from a photovoltaic installation that powers the shared facilities.
The building includes a private entrance with aluminum and glass balcony railings, marble staircases, and secure features such as mosquito nets and electric shutters on all sliding doors and windows. Each apartment also has individual access to pressurized hot and cold water systems and is connected to the town’s sewage infrastructure.
This development is ideally located for convenient urban access and long-term residential use, making it an appealing choice for both owner-occupiers and investors.
The main features of the project and the units:
• Two-bedroom apartments near Evaggelismos Hospital
• Reinforced concrete structure with 8 cm external thermal insulation
• Thermally insulated horizontal slabs and masonry
• Ceramic wall tiles in bathrooms (to 2.2m) and ceramic/granite wall finishes in kitchens
• Sanitary ware and mixers included (value: €3,000 per unit)
• Ceramic or parquet flooring (€20/m²), marble staircase (€30/m²)
• MU3000 THERMAL aluminum sliding and opening doors/windows with double glazing
• Electric shutters on all sliding doors and windows
• Mosquito nets included
• MDF kitchen cabinetry and bedroom wardrobes
• Granite kitchen countertops and splashbacks
• Electrical installation per EAC regulations
• A/C provisions in all rooms
• Central TV antenna and CYTA telephone point
• 4.5 kW photovoltaic system for common areas
• Underfloor electric heating
• Solar water heating system with 1000L/200L tank and pressure pump
• Connection to municipal sewage
• Optional upgrades available upon agreement
The project has an EPC certificate with “A” energy efficiency rating.
Features
Storage room
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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