€ 1 100 000

€ 8 209 / 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%

3 bedrooms Apartment in Paphos, Cyprus No. 54378

Bedrooms

Bathrooms

134 sq.m.

Square

Parameters

Property Description

Apartment for sale on the 5th floor in Pafos City. This new development spans 134 sq.m. and features 32 sq.m. of covered verandas and 26 sq.m. of uncovered verandas. The apartment includes 3 bedrooms, 3 bathrooms, a kitchen, and a living room. It also comes with one closed parking space, and open parking space and air conditioning. Located close to the sea, seaside, mall, and city center, the property offers convenient access to essential amenities and attractions. Unique features include an elevator, storage space, common swimming pool, and a common gym, common sauna and gaming room. This apartment is ideal for those seeking a modern, comfortable living space in a prime location.