+ 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%

1 bedroom Apartment in Paphos, Cyprus No. 4927

1

Bedrooms

65 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: A complex consisting of 10 1-bedroom apartments and 10 2-bedroom apartments on its own territory with a garden and a swimming pool, gym and sauna in the city center, one and a half kilometers from the sea. Excellent finishing "turnkey". Great location. The possibility of obtaining permanent residence. Installment payment until the end of construction. Property type: apartments

• Number of bedrooms: 1-2
• Area: 65-100 m2
• Cost: 275-467 thousand euros

More detailed:

Located in a quiet residential area of Paphos, this five-storey complex consists of 20 spacious and modern apartments with one and two bedrooms, 4 apartments per floor

All residences are decorated with a variety of stylish elements, including marble and wooden floors, granite countertops, handmade wooden kitchen and wardrobes, as well as the best plumbing. The combination of these luxury properties and advantageous location make this place an ideal investment for both buying for rent and permanent residence.

The main advantages of the project

• Luxury complex in a quiet residential area
• Unsurpassed location within walking distance from the city center
• Within walking distance of all amenities
• Spectacular sea and mountain views
• Superior penthouse with two bedrooms and a spacious roof terrace
• Luxurious finishes, including marble and wooden floors and granite countertops
• State kindergarten, primary school and secondary school in the immediate vicinity
• A short drive from private international schools
• Ideal for investment or permanent residence
• Equipped with high-quality materials and finishes

Specification

• Entrance doors made of solid Iroko wood
• Imported marble on floors, stairs and bathrooms
• Top quality laminate
• Wooden doors of wardrobes and wardrobes
• Granite kitchen countertops
• Parquet floor made of natural solid oak in the bedrooms
• Windows with double glazing and aluminum frames
• Hansgrohe mixers
• Duravit toilet bowls with wall mount
• Geberit washing system
• The exterior walls will be partially lined with traditional stone, wood and light concrete
• High-quality ceramic tiles on verandas and balconies
• Landscaped communal garden with irrigation system
• Private parking on the ground floor
• Laminated glass balustrade
• Elevators to all floors
• Solar system for water heating
• Pressurized water supply system
• Provision of air conditioning system
• High-quality electrical appliances – (optional | for an additional fee)
• Full set of furniture – (optional | for an additional fee)
• Fully air-conditioned – (optional | for an additional fee)
• Energy efficiency Class A

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Statistics

€ 3 890

Price per sq.m.

179

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

€ 981

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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1 bedroom Apartment in Paphos, Cyprus No. 57461

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IV quarter, 2026

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309 000

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+ VAT

1 bedroom Apartment in Paphos, Cyprus No. 4927

1 bedroom Apartment in Paphos, Cyprus No. 4927

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