€ 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. 53037

Bathrooms

37 sq.m.

Square

Parameters

Property Description

For sale is a modern off-plan studio apartment with an internal space of 37 m2. Situated on the second floor of a four-story building with elevator access, this bright and energy-efficient home is designed for comfort and style. The studio offers an open plan layout, one bathroom, and features central air conditioning to ensure year-round comfort.

Located in the popular Tombs of the Kings area, this residence is perfectly positioned close to local amenities including shops, cafes, and public transport. Tombs of the Kings is well-known for its vibrant atmosphere, historical sites, and convenient access to beaches and city life, making it a highly sought-after destination for both living and investment.

The apartment is part of a gated complex that offers residents exclusive access to 3 communal swimming pools, including an adult only zone, spa and wellness centre, restaurant, mini market, offices and business facilities, mini marketcommunal swimming pool and a fully equipped gym. For added convenience, there is also the option to purchase the property fully furnished. The building is set for completion in 2030 and boasts an Energy Efficiency Certificate A, ensuring lower energy costs and a focus on sustainability.

This property is offered exclusively through Purple International Real Estate. Contact us today for further details or to arrange a viewing.