1 bedroom Apartment in Paphos, Cyprus No. 58174

1

Bedrooms

2

Bathrooms

68 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

This established complex occupies a gently sloping hillside overlooking the sea in one of the most desirable locations of Paphos, close to the famous archaeological site of the Tombs of the Kings and within walking distance of the beach, restaurants, tavernas and nightlife.

The complex consists of six low-rise blocks carefully sited among extensively landscaped gardens so that the views of the coastline remain uninterrupted, and brings together single-storey villas, one- and two-bedroom apartments and maisonettes. Ground-floor homes have private gardens and patios, while the upper floors enjoy spacious balconies and verandas overlooking the sea. Three-quarters of the grounds are given over to green areas, walkways and the swimming pool zone with relaxing sun terraces, and parking is arranged in three areas around the perimeter, keeping the central gardens free of cars.

For sale are one-bedroom apartments and studios — a compact format well suited both for own use and for investment. The homes feature underfloor heating (where applicable), air conditioning, covered verandas and en-suite bathrooms.

The main features:

• Underfloor heating (where applicable)
• Air conditioning
• Covered verandas and balconies overlooking the sea
• En-suite bathrooms
• Communal swimming pool with sun terraces
• Extensively landscaped gardens and walkways
• Private parking (car-free central gardens)
• Safe and friendly area

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

Statistics

€ 3 890

Price per sq.m.

179

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

€ 981

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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