€ 550 000

€ 7 051 / 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. 55820

Bedrooms

Bathrooms

78 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

2 bedroom penthouse Apartment For sale situated on the 4th floor in Pafos City. The Apartment is 78 sq.m and has an uncovered veranda of 87m2 overlooking the city and the sea. It consists of: 2 bedrooms, 2 bathrooms and it also has 1 parkings (1 Closed). Its prime location makes this project the perfect choice, as it is strategically located proximate to the beach and to educational and entertainment facilities.