3 bedrooms Apartment in Kato Paphos, Paphos, Cyprus No. 54941

Bedrooms

84 sq.m.

Square

€ 625 000

€ 7 440 / 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

The project is located in the heart of Kato Paphos (downtown), 10 minutes walk to the Mall, 3-4 minutes to the beaches and restaurants.

Main Features:

• Spacious interior and exterior
• Large outside patios
• Views of the Mediterranean
• Communal roof with panoramic sea views
• High specifications with quality materials and finishes
• Provision for central heating
• Provision for smart home
• Allocated covered parking
• Sauna
• Gym
• Store rooms
• Communal swimming pool

The Project has EPC certificate with "B" Energy Efficiency Rating.