+ 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%

3 bedrooms Apartment in Paphos, Cyprus No. 54341

3

Bedrooms

2

Bathrooms

117 sq.m.

Square

IV quarter, 2027

Completion date

Parameters

Property Description

For sale: A premium first-floor apartment in Kato Pafos, Pafos City, currently under construction. This luxurious 3-bedroom, 2-bathroom residence offers 117 sq.m of internal space plus 42 sq.m of covered verandas. It features a modern kitchen, open-plan living area, tiled floors, air conditioning, and double-glazed aluminum windows. The property includes one private covered parking space and a storage room. Energy efficiency is rated A.
Set within a prestigious development, residents enjoy access to top-tier amenities including a clubhouse, communal pool, gym and spa, business centre, and a cafe lounge area. Additional services such as a reception with concierge, 24/7 security, and on-site property management ensure comfort and peace of mind. Commercial units are also part of the development. Conveniently located near the sea, mall, and city center, this apartment offers a unique combination of modern living, lifestyle amenities, and investment potential in one of Pafos’s most sought-after areas.
Delivery Date: November 2027

Features

Close to shopping malls

Close to shopping malls

City center

City center

New project

New project

Private Gym

Private Gym

Elevator

Elevator

Private parking

Private parking

Statistics

€ 3 890

Price per sq.m.

179

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

€ 981

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

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117 sq.m.

+ VAT

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3 Bedrooms

117 sq.m.

+ VAT

444 000

3 Bedrooms

117 sq.m.

+ VAT

439 000

3 Bedrooms

117 sq.m.

+ VAT

3 bedrooms Apartment in Paphos, Cyprus No. 54341

3 bedrooms Apartment in Paphos, Cyprus No. 54341

Features

Location

Close to shopping malls

Close to shopping malls

City center

City center

Features

New project

New project

Indoor facilities

Private Gym

Private Gym

Elevator

Elevator

Private parking

Private parking

Outdoor features

Swimming pool

Swimming pool

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