€ 1 350 000

€ 11 157 / 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. 54460

Bedrooms

Bathrooms

121 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

This off-plan penthouse apartment, located on the 4th floor, offers a spacious living area of 80 sq.m. It features 3 bedrooms, 2 bathrooms, a kitchen, and a living room. Additionally, it boasts 52 sq.m. of covered verandas and 220 sq.m. of uncovered verandas, perfect for outdoor relaxation. The apartment comes with 1 closed parking space and is equipped with air conditioning.
The property is ideally situated close to the sea, seaside, mall, city center, and storage facilities. Residents will have access to a private swimming pool, CCTV, and a lobby within the building. The apartment has an energy certificate rated A. The expected delivery date is June 2026, making it an excellent investment opportunity in Pafos City.