+ 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 Kato Paphos, Paphos, Cyprus No. 4941

2

Bedrooms

96 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: A new project in the heart of Lower Paphos, just 200m from the sea. 5 minutes to the shopping center and 5 minutes on foot to the main promenade of Paphos. Great interior design and thoughtful layout. High-quality finish!

Construction has already started. At the time of construction, the lowest prices.

Cost:

• 2 bedrooms 96 m2 - 349,000 euros
• 3 bedrooms 150 m2 - 435,000 euros

More detailed information, layouts, specifications, live online and live screenings, individual selection of real estate, the possibility of buying remotely, support of bank transfers when buying real estate: whatsapp/viber/telegram.

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