+ 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%

Park Avenue Residences in Paphos, Cyprus No. 5201

162.89 sq.m.

Square

2020

Completion date

4 properties for sale

Properties in Park Avenue Residences

Verified property

4 bedrooms Apartment in Park Avenue Residences Paphos, Cyprus No. 5213

850 000

4 Bedrooms

2 Bathrooms

2020

242.95 sq.m.

+ VAT

Verified property

3 bedrooms Villa in Park Avenue Residences Paphos, Cyprus No. 5220

690 000

3 Bedrooms

2 Bathrooms

2020

162.89 sq.m.

+ VAT

Verified property

3 bedrooms Villa in Park Avenue Residences Paphos, Cyprus No. 5221

790 000

3 Bedrooms

3 Bathrooms

2020

199.04 sq.m.

+ VAT

Verified property

3 bedrooms Villa in Park Avenue Residences Paphos, Cyprus No. 5219

690 000

3 Bedrooms

2 Bathrooms

2020

264.53 sq.m.

+ VAT

Features

Near public transportation

Near public transportation

Close to schools

Close to schools

Great location

Great location

Near restaurants

Near restaurants

City view

City view

Street view

Street view

Parameters

Layouts in Park Avenue Residences

Comparison of parameters and prices in Park Avenue Residences

3 bedrooms

Type

Area (sq.m.)

Price

Available

Floor plan

Villa floor plan «3BR-1», 3 bedrooms in Park Avenue Residences

162.89 sq.m.

€ 690 000

2 available

Villa floor plan «3BR-2», 3 bedrooms in Park Avenue Residences

199.04 sq.m.

€ 790 000

1 available

4 bedrooms

Type

Area (sq.m.)

Price

Available

Floor plan

Apartment floor plan «4BR-3», 4 bedrooms in Park Avenue Residences

242.95 sq.m.

€ 850 000

1 available

Dynamics of Price Change

€ 3 969

Average price per sq.m.

€ 790 000

Average price

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

With rating

Rate the project

Similar Property

from 250 000

50 sq.m.

+ VAT

1 bedroom from € 250 000

from 390 000

82 sq.m.

+ VAT

2 bedrooms from € 390 000

Verified property

Jasmine Gardens in Paphos, Cyprus No. 5294

from 460 000

2023

182.49 sq.m.

+ VAT

3 bedrooms from € 460 000

Park Avenue Residences in Paphos, Cyprus No. 5201

Park Avenue Residences in Paphos, Cyprus No. 5201

Features

Location

Near public transportation

Near public transportation

Close to schools

Close to schools

Great location

Great location

Near restaurants

Near restaurants

City view

City view

Street view

Street view

Beautiful view

Beautiful view

Features

Video intercom

Video intercom

Alarm system

Alarm system

Heated towel rail

Heated towel rail

Balcony

Balcony

Ceramic tile in bathrooms

Ceramic tile in bathrooms

Indoor facilities

Private parking

Private parking

Outdoor features

Car park

Car park

Garden

Garden

Park

Park

Garden

Garden

Shop

Shop

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