1 bedroom Apartment in Paphos, Cyprus No. 57812

1

Bedrooms

54 sq.m.

Square

+ 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 boutique residential building of just six apartments in the Universal district of Paphos, within easy reach of the coastal part of the city. The project comprises one-bedroom apartments and a two-bedroom penthouse crowned with a private roof garden of 57 m². Each apartment comes with a storage room and a covered parking space, and an elevator serves all floors.

The building is constructed to high specifications on a reinforced concrete frame designed to the Eurocodes, including the EC8 anti-seismic standard, with thermal insulation of the roof and external walls. Interiors feature ceramic floors of a high European standard, techno-granite kitchen worktops, fitted wardrobes and kitchen furniture, and high-specification aluminium windows with energy-efficient glazing. Each apartment has a security fireproof entrance door, an intercom system, provisions for wall-mounted air conditioning in all bedrooms and provisions for kitchen appliances, while hot water is supplied by a dual-energy solar heater. The entrance lobby is protected by security doors, and the parking area includes an electric-vehicle charging point.

The main features of the project and the units:

• Boutique building of six apartments
• One-bedroom apartments and a two-bedroom penthouse
• Private roof garden of 57 m² in the penthouse
• Storage room and covered parking space for every apartment
• Elevator access to all floors
• Anti-seismic reinforced concrete frame (Eurocodes, EC8)
• Ceramic floors of a high European standard
• Techno-granite kitchen worktops
• High-specification aluminium windows with energy-efficient glazing
• Security fireproof entrance door and intercom
• Provisions for air conditioning in all bedrooms
• Dual-energy solar water heater
• Security doors at the lobby entrance
• Electric-vehicle charging point

The project has an EPC certificate with "A" energy efficiency rating.

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 3 890

Price per sq.m.

180

Quality of Life Index

57

Cost of Living Index

Choose a city for comparison

Parameters

Paphos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 967

Apartment (1 bedroom) Outside of Centre

€ 875

Apartment (3 bedrooms) in City Centre

€ 1 863

Apartment (3 bedrooms) Outside of Centre

€ 1 671

Buy Apartment Price

Price per square metre in the city centre

€ 3 890

Price per square metre outside the city centre

€ 2 229

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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