1 bedroom Apartment in Mesogi, Paphos, Cyprus No. 57668

Bedrooms

56 sq.m.

Square

€ 200 000

€ 3 571 / 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

A residential development in the area of Mesogi, in the heart of Paphos. The project consists of two apartment blocks featuring, designed to offer modern comfort and functional living.

With its contemporary architectural design and well-planned layouts, the project combines style with practicality, making it ideal for both permanent residence and investment. Residents will enjoy a peaceful setting while being within walking distance of the traditional village square, offering an authentic local lifestyle.

The development provides easy access to all essential amenities. Hospitals, the International School of Paphos, shops, and services are just a short drive away, while Paphos town center, Kings Avenue Mall, and the beautiful coastline are all within close proximity.

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