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2 Bedroom Apartment for Sale in Paphos

Posted: 3 months ago
Modified: 2 months ago

2
2
Under Construction
74m²

€260 000
+ VAT

Price per m²

€3514/m²

VAT

Not Included in Price

VAT for this property is €13,000 (Reduced 5% rate) or €49,400 (Full 19% rate). VAT usually is 19%. If it is your first purchase of property, you can have VAT reduced to 5% for the first 150sq.m. of the property.

Title Transfer Fee

Ref. #: 2034

Covered Veranda: 17 m²

Only 9 apartments located on three identical floors. Each floor has two 1 bedroom apartments and one 2 bedroom apartment, each with its own parking space on the ground floor.

The project is located in one of the most popular areas for locals to live, between the sought after area of Universal in Paphos and the village of Geroskipou.
The proximity of the site to all amenities, the Iasis hospital and the tourist area, as well as the view of the picturesque coast of Paphos.

At the same time, the popularity of the Universal area for short term rentals creates opportunities for higher rental income compared to other areas in Paphos.
Seaside developments on the Paphos Riviera have shown higher rental yields and capital appreciation in recent years, making this project an excellent opportunity for independent buyers and investors alike.

TECHNICAL CHARACTERISTICS :
– 1-room and 2-room apartments;
— total building area 651 m2;
— Modern architectural design;
— Upgraded thermal aluminum series;
– Individual kitchen design;
— A wide range of imported ceramic tiles;
– Branded plumbing;
— Reserves for central heating;
— Energy-saving properties;
— Energy efficiency class A.
– Projected capital growth to completion (June 2025): +25%