€ 355 000

€ 3 447 / 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 Kato Paphos, Paphos, Cyprus No. 4959

Bedrooms

103 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: A new boutique apartment complex consisting of 4 exclusive 2-bedroom apartments and a 3-bedroom penthouse, located in a quiet prestigious and sought-after Universal area in Paphos, a seven-minute walk from the sea, close to all infrastructure - an excellent choice for both permanent residence and vacation or rental, providing an opportunity for an investor to obtain permanent residence in Cyprus - to become a permanent resident of the European Union under the accelerated PR Fast Track program.

On the territory there is a communal swimming pool with a relaxation area and a changing room.The penthouse has its own rooftop pool and barbecue area.

The live photos show a ready-made similar project. This complex is under construction and will be executed with the same quality standards. The package of full equipment of the apartments, including TVs, curtains, upholstered furniture, etc. - an additional 25 thousand euros.

Standard specification including: marble underfloor heating, Italian plumbing, German built-in electrical appliances, built-in designer kitchen, built-in wardrobes with lighting in the bedrooms and much more - detailed specification on request.

• Area 103 m2
• The covered area of the apartment is 75 m2
• Covered veranda of 28 m2
• Storage room for each apartment
• Covered parking for each apartment
• Swimming pool for residents
• Closed area
• Video surveillance system
• VRV cooling system
• Distance from the sea 1 km
• Installment payment
• Suitable for permanent residence
• Cost from 355,000 euros

More detailed information, availability of apartments, layouts, live screenings and consultations: whatsapp/viber/telegram

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