€ 400 000

€ 5 195 / 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%

2 bedrooms Apartment in Paphos, Cyprus No. 54446

Bedrooms

Bathrooms

77 sq.m.

Square

Parameters

Property Description

For sale: A 77 sq.m. apartment in Kato Pafos, Pafos City. This apartment features 2 bedrooms, 2 bathrooms, a kitchen, a living room, and one closed parking space. It comes with air conditioning and holds an energy certificate of grade A. Currently under construction, the property is ideally located close to the sea, seaside, mall, and city center, ensuring easy access to amenities and leisure activities. This modern living space offers a perfect blend of comfort and convenience, making it an excellent investment opportunity in one of Pafos’ most sought-after areas.