2 bedrooms Apartment in Paphos, Cyprus No. 52482

Bedrooms

84 sq.m.

Square

€ 495 000

€ 5 893 / 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

These contemporary apartments are situated in the prestigious Universal area of Paphos, offering a combination of comfort, modern design, and convenient access to key city amenities. The development maintains a peaceful residential atmosphere while being just a short drive from central beaches, the Harbour, shopping centres, schools, and medical facilities.

Each unit is designed with open-plan living areas and spacious private balconies that capture scenic views of landscaped green zones and the Mediterranean Sea. Residents benefit from secure private parking, independent storage spaces, and a communal swimming pool, creating an ideal setting for relaxation and everyday living.

The main features of the project and the units:
• Open-plan living areas
• Private balconies
• Rooftop terraces (selected units)
• Sea and green-zone views
• Landscaped communal areas
• Communal swimming pool
• Private parking
• Storage spaces
• Close to beaches and the Harbour
• Proximity to shopping centres, schools, and medical facilities

The project has an EPC certificate with “A” energy efficiency rating.