1 bedroom Penthouse in Paphos, Cyprus No. 54764

Bedrooms

Bathrooms

50 sq.m.

Square

€ 425 000

€ 8 500 / 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%

Parameters

Property Description

This boutique residential complex in Paphos comprises just six apartments with one or two bedrooms, arranged over three residential floors above a ground-level parking area with seven covered spaces. Residents enjoy a communal swimming pool, and each apartment comes with a storage room and covered parking.

One-bedroom apartments offer 50 m² of internal space with a 12.5 m² covered veranda, while two-bedroom apartments provide 75 m² with an 18.75 m² veranda. The two top-floor apartments additionally feature private roof gardens. Included in the price are a split-unit cooling system and an alarm system with intercom; a furniture package is available as an option (€25,000 for one-bedroom and €30,000 for two-bedroom units).

The main features of the project and the units:

• Communal swimming pool
• 1 and 2 bedroom apartments
• Private roof gardens in the top-floor apartments
• Split-unit cooling system
• Alarm system with intercom
• Storage rooms
• 7 covered parking spaces
• Optional furniture package

The project has an EPC certificate with "A" energy efficiency rating.

Features

Storage room

Car park

Common area with pool

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

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

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