1 bedroom Apartment in Paphos, Cyprus No. 52775

1

Bedrooms

50 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

This residential building consists of 6 two bedroom apartments situated in a residential area (Limnaria) in Paphos. Also, only a few minutes' drive from city center and all the sandy beaches of Paphos. The building is close to all necessary amenities and within walking distance from Private Hospital and Neapolis University.

The small size of the complex yet contemporary is ideal to provide privacy and security. The modern and elegant architecture, cozy planning solutions and quality finishes guarantee true comfort. The development will be equipped with a solar photovoltaic system.

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

Statistics

€ 3 890

Price per sq.m.

179

Quality of Life Index

56

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

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