2 bedrooms Penthouse in Paphos, Cyprus No. 52633

2

Bedrooms

76 sq.m.

Square

+ 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

A residential complex located in the historic Tombs of the Kings area in Paphos, just a short walk from a renowned blue-flag beach. The complex offers studios, one and two-bedroom apartments with stunning views of the Mediterranean Sea.

Tucked away at the end of a quiet plot, residents enjoy peace and privacy surrounded by greenery, away from the noise of the main road. Supermarkets, restaurants, the old town and harbour are all within easy reach.

Facilities include an outdoor communal swimming pool, gym, lobby and co-working space. The complex is perfectly suited for both permanent living and short or long-term rentals, with full property management services.

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

Features

Common area with pool

Common area with pool

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

Cost of Living Index

Choose a city for comparison

Parameters

Paphos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229

Similar Property

475 000

2 Bedrooms

76 sq.m.

+ VAT

458 000

2 Bedrooms

2 Bathrooms

76 sq.m.

+ VAT

485 000

2 Bedrooms

2 Bathrooms

76 sq.m.

+ VAT

489 000

2 Bedrooms

2 Bathrooms

76 sq.m.

+ VAT

Features

Outdoor features

Common area with pool

Common area with pool

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