€ 450 000

€ 5 921 / 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 Paphos, Cyprus No. 50716

Bedrooms

76 sq.m.

Square

Parameters

Property Description

This gated building offers just 8 apartments in Paphos. Each apartment features spacious layouts, premium finishes, VRV cooling/heating and expansive balconies.

Located near supermarkets, schools, shops, restaurants, beaches and King’s Avenue Mall, the building includes undercover parking and modern kitchens. The development promises strong rental potential and a sophisticated lifestyle in the central area of Paphos.

Furthermore, each apartment includes a concealed VRV system for efficient cooling and heating, a built-in alarm system and intercom access. The interiors offer high internal doors, built-in kitchens and wardrobes, elegant bathrooms with walk-in showers and wall-mounted toilets.

All the apartment will be allocated a storage room.

The Project has EPC certificate with "A" Energy Efficiency Rating.