€ 340 000

€ 4 359 / 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. 4960

Bedrooms

78 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: Boutique apartment complex consisting of 5 luxury residences with 2 and 3 bedrooms with an area of 78 m2. Each of the residences will be commissioned "turnkey" with the highest quality standards of finishing and construction materials.A four-storey building with a swimming pool and a recreation area, a landscaped garden and private parking for each apartment is located in the center of Paphos in an attractive Universal area with developed infrastructure within walking distance from the sea (10 minutes walk), banks, shops, restaurants and is an excellent solution for both year-round living, and for recreation or rental. This promising investment is ideal for the Cyprus permanent residence program under the accelerated PR Fast Track scheme.

• Apartments with 2 bedrooms and 2 bathrooms - from 78 m2 - from 340 thousand euros
• Penthouse with 3 bedrooms and 2 bathrooms - 105 m2 - 770,000 euros
• Italian floors in all rooms
• Laminate floors in bedrooms
• Energy efficiency category A, including thermal aluminum
• Water pressure system
• Built-in kitchen with appliances
• Built-in wardrobes
• Underfloor heating with hydrobox
• Hidden VRV cooling system
• Electric vehicle gate plus electric vehicle charger for each unit
• Alarm system in each block and an intercom with a camera in the entrance
• Closed project with a communal pool and covered parking
• Installment payment
• Suitable for permanent residence PR Fast Track

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