€ 175 000

€ 2 692 / 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%

1 bedroom Apartment in Kato Paphos, Paphos, Cyprus No. 4930

Bedrooms

65 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: The new boutique complex of apartments with 1 and 2 bedrooms offers a choice of apartments with an area of 65 and 91 m2 in an area with developed infrastructure (near a pharmacy, shop), 2 km from the sea, with the possibility of installment payment until 2025. This is a reasonable investment at a weighted price

• The cost of 1-bedroom apartments: 175 - 190 thousand euros
• The cost of apartments with 2 bedrooms: 250-275 thousand euros.

The apartments are rented with full finishing "turnkey":

• Built-in kitchen of individual design
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• Imported ceramic tiles in the kitchen and bathrooms
• Branded plumbing
• Conclusions for air conditioners and central heating
• Energy efficiency class A
• Parking space for each apartment

The complex consists of 6 single and three double apartments and is located in one of the most popular areas of the city, where there is always an increased demand for both short-term and long-term rentals, which consistently brings about 5-6% per annum.

The purchase of an apartment at the early stages of construction gives the possibility of installment payments and the potential for further price increases.

Distances:

• City center 2 km
• Sea 2 km
• Airport 20 km
• Supermarket 100 m
• Pharmacy 100 m
• School 400 m

Suitable for permanent residence

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