€ 325 000

€ 8 784 / 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%

37m2 Apartment in Paphos, Cyprus No. 53034

Bathrooms

37 sq.m.

Square

Parameters

Property Description

For sale off-plan, this modern studio apartment offers an excellent investment opportunity in the sought-after Tombs Of The Kings area. With an internal space of 37 m², this well-designed unit features a bright open-plan living space, a contemporary bathroom, and high-quality finishes. Located on the first floor of a four-story building with an elevator, it provides easy access and convenience.

Tombs Of The Kings is a vibrant neighborhood known for its rich historical landmarks, lively cafes, and variety of shops and services. The area is popular with both locals and visitors, offering a blend of cultural attractions and modern day-to-day amenities. Beautiful beaches, parks, and entertainment options are all within a short walk.

This energy-efficient (Class A) apartment is part of a secure gated complex with excellent facilities, including 3 communal swimming pools, including an adult only zone, spa and wellness centre, restaurant, mini market, offices and business facilities, mini market and a well-equipped gym. The property features a central air conditioning system to ensure year-round comfort. There is also an option to purchase the apartment furnished for added ease.

Perfect for professionals, first-time buyers, or as a holiday home, this apartment is close to all amenities and ready for you to make your own. Contact Purple International Real Estate today for more information.