3 bedrooms Penthouse in Paphos, Cyprus No. 51398

Bedrooms

145 sq.m.

Square

€ 1 250 000

€ 8 621 / 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%

Parameters

Property Description

The project is situated in a quiet, historic center of Paphos and opposite the municipal gardens. The development is a step away from all the amenities: restaurants, cafes, bars, banks and schools.
Just 1,5 km to the closet sandy beach and 2 km from the Harbor with the historic Medieval castle.
This modern residential three storey building consists of 4 apartments and a 3 bedroom penthouse on the third floor with allocated private heated pool on the ground floor.
Most of the apartments will have views to the sea and the city.

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