2 bedrooms Apartment in Kato Paphos, Paphos, Cyprus No. 56547

Bedrooms

81 sq.m.

Square

€ 490 000

€ 6 049 / 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

In the heart of the tourist area of Kato Paphos, only 500 m from the beach, the project is located in a quiet area with the beautiful view of the Mediterranean Sea.

It is a new development consisting of modern studios, 1, 2, and 3-bedroom apartments. The exclusive 3 - bedroom penthouse is with sea views and a big veranda with private swimming pool.

The facilities as 24 hour reception, 3 outdoor swimming pools, spa & wellness center, the gym, the restaurant create impeccable conditions for the relaxation of the most demanding customers.

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