1 bedroom Apartment in Paphos, Cyprus No. 52807

Bedrooms

Bathrooms

45 sq.m.

Square

€ 222 800

€ 4 951 / 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 residential development offers modern city living with innovative design and advanced smart-building technology. The project features a rooftop swimming pool with panoramic views, an exclusive gym, and 12 unique apartment layouts to suit different preferences. Each unit is finished with high-quality materials, including marble surfaces and double-glazed windows for improved insulation. Underfloor heating ensures year-round comfort, while photovoltaic panels support energy efficiency in select units. A unique time capsule feature allows residents to preserve memories for the future.

Located in the city center, the development provides convenient access to essential services, including banks, supermarkets, parks, schools, and healthcare facilities. With its strategic location and high-end features, the property presents a valuable investment opportunity.

The main features of the project and the units:

• Rooftop swimming pool with panoramic views
• Exclusive gym for residents
• 12 unique apartment layouts
• High-quality materials, including marble surfaces and double-glazed windows
• Underfloor heating throughout all units
• Photovoltaic panels for energy efficiency in select apartments
• Time capsule feature for residents
• Prime city-center location with access to key services and amenities
• Strong investment potential

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

Features

Storage room

Car park

Common area with pool

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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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