€ 2 445 000

€ 16 670 / 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 Apartment in Kato Paphos, Paphos, Cyprus No. 58279

Bedrooms

Bathrooms

146.67 sq.m.

Square

Parameters

Property Description

Elevated on the sixth level of a fifteen-story building, this 146.67 m2 apartment takes in panoramic views across the sea.

Currently under construction, the interior layout connects three bedrooms and two bathrooms, accessible directly by elevator.

Residents within the gated complex share access to a communal swimming pool and a dedicated gym.

Kato Paphos forms the coastal district of Paphos, set directly along the harbor shoreline. Low-rise residential buildings and hotels line the surrounding streets. Everyday amenities include supermarkets, pharmacies, seaside cafes, and municipal beaches. Paphos International Airport is roughly 20 minutes by road.

Contact Purple International Real Estate to register your interest.