€ 400 000

€ 3 738 / 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 Penthouse in Paphos, Cyprus No. 57365

Bedrooms

Bathrooms

107 sq.m.

Square

2026

Completion date

Parameters

ID

57365
City

Cyprus
Type

Penthouse
Status

Off-plan
Veranda type

Open and covered
Bedrooms

3
Floor

4
Total floors

4

Bathrooms

2
Square

107 sq.m.
Veranda area

70 sq.m.
To sea

3 km
To city center

200 m
To airport

14 km
Completion date

2026
Completed

Yes

Property Description

Discover this refined three-bedroom penthouse in new project, designed to offer comfort, privacy and modern convenience. Fully furnished and ready for immediate occupancy, this exceptional property is an ideal choice for families, professionals, or buyers seeking a high-quality home close to the coast.

The apartment features a bright and spacious interior, complemented by a generous covered veranda that provides the perfect setting for everyday relaxation. It is equipped with a modern air-conditioning system and electric underfloor heating throughout, ensuring a comfortable living environment in every season.

The property is offered fully furnished, with essential electrical appliances included, such as a dishwasher, washing machine, electric hob, and kitchen extractor hood. A private parking space and an individual storage room provide additional convenience and practicality.

One of the apartment’s most attractive features is its private 70 sq.m. roof garden, complete with a covered seating area. This expansive outdoor space is ideal for entertaining guests, dining outdoors, or simply relaxing while enjoying the Mediterranean climate.

Apartment also benefits from a 2kW photovoltaic system, which generates electricity and helps reduce energy consumption and running costs. The combination of energy-efficient technology, modern amenities, and thoughtfully designed living spaces makes this penthouse both comfortable and environmentally conscious.

The project is situated in a peaceful, family-friendly residential area, close to parks and children’s playgrounds, while the sea is only approximately six minutes away by car.

Combining a convenient location, spacious interiors, premium features, and a private roof garden, this penthouse offers an excellent opportunity for comfortable permanent living, a holiday residence or a property investment in Paphos.

Price: €400,000 + VAT

HIGHLIGHTS

Central Pafos: Located in the heart of Pafos, this apartment is within easy reach of all major amenities and attractions. The city’s vibrant cultural and commercial centers are just a stone’s throw away.
Close to the Sea: Just 2.5 km from the beautiful Pafos coastline, you can enjoy easy access to stunning beaches and the picturesque harbor.
Nearby TEPAK University: A convenient 10-15 minute walk to TEPAK University makes this apartment an excellent choice for students and academics.
Family-Friendly: The apartment is next to a children’s playground and park, providing a perfect environment for families with young children.