3 bedrooms Apartment in Paphos, Cyprus No. 36645
ID36645
$ 602 964
Property description
Three Bedroom Apartment For Sale in Pano Paphos - Title Deeds (New Build Process)PRICE REDUCTION!!! (Was from €640,000 + VAT)
This development of eight unique 3 and 4 bedroom apartments is in a central location with amenities and places of interest close by including the historical City Centre of Paphos. The property offers comfortable living areas and balconies with great city views. The residence is next to the city's most known historical buildings and major city amenities such as restaurants, bars, the Paphos Harbour and Tourist area and the Kings Avenue Mall.
- Master bedroom with ensuite and fitted wardrobes
- 2 Bedrooms with fitted wardrobes
- Open plan living - lounge & dining area
- Kitchen
- Family bathroom
- Guest W/C
- Electric heated towel rails in bathrooms
- Provisions for hairdryers in bathrooms
- Complete central systems for heating and cooling
- Unfurnished
- Separate entrance for all apartments
- Provisions for communal satellite system
- Video door phones
- Allocated private parking
- Internal area - 130 m2
- Covered veranda - 15 m2
- Uncovered veranda - 32 m2
- Parking - 17 m2
- Breath taking views from the roof terrace
- 2 Minutes to local amenities
- 5 Minutes to the nearest beach
- 10 Minutes to the nearest golf course
- 15 Minutes to Paphos International Airport
- Suitable for Cyprus Permanent Residency - Fast Track
- Subject to VAT
- Energy Efficiency B
Kato and Pano Paphos
Paphos is a beautiful coastal city in the southwest of Cyprus and the capital of this district. Paphos is broken down into two parts Kato Paphos (lower) and Pano Paphos (upper). This is a vibrant city full of the hustle and bustle of local life with plenty of restaurants, tavernas, bars and nightlife. Paphos was selected as a European Capital of Culture for 2017 and has undergone an exciting regeneration program. The Old Centre of Paphos is visually pleasing with many historic colonial buildings which house the areas government institutions.
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* Title Deeds (New Build Process)
* Central Location
* Close To The Beach
* Suitable For Cyprus Permanent Residency - Fast Track
* Subject To VAT
* Under Construction - Completion 8 Months From Signing
* Energy Efficiency B
Paphos Town
Paphos Town
County: Paphos
Sale Type: For Sale
Ref #: ARI035N3
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 1 008.00 |
| Apartment (1 bedroom) Outside of Centre | $ 753.54 |
| Apartment (3 bedrooms) in City Centre | $ 1 877.92 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 491.29 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 340.19 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 139.18 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 31.94 |
| Cost of Living and Rent Index | 40.59 |
| Purchasing Power Index | 82.39 |
| Property Price to Income Ratio | 7.41 |
| Safety Index | 68.06 |
| Traffic CO₂ Index | 3990.00 |
| Traffic Inefficiency Index | 108.55 |
| Rent Index | 24.18 |
| Health Care Index | 70.76 |
| Groceries Index | 54.98 |
| Pollution Index | 31.54 |
| Traffic Commute Time Index | 19.38 |
| Restaurant Price Index | 55.10 |
| Climate Index | 96.66 |
| Cost of Living Index | 54.41 |
| Quality of Life Index | 183.95 |
| Traffic Index | 97.36 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 16.57 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 66.28 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 8.01 |
| Domestic Beer (0.5 liter draught) | $ 3.31 |
| Imported Beer (0.33 liter bottle) | $ 3.59 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.57 |
| Water (0.33 liter bottle) | $ 0.76 |
| Cappuccino (regular) | $ 3.54 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.63 |
| Loaf of Fresh White Bread (500g) | $ 1.66 |
| Eggs (regular) (12) | $ 3.69 |
| Local Cheese (1kg) | $ 13.36 |
| Water (1.5 liter bottle) | $ 0.91 |
| Bottle of Wine (Mid-Range) | $ 7.46 |
| Domestic Beer (0.5 liter bottle) | $ 1.79 |
| Imported Beer (0.33 liter bottle) | $ 2.50 |
| Cigarettes 20 Pack (Marlboro) | $ 5.52 |
| Apples (1kg) | $ 2.69 |
| Chicken Fillets (1kg) | $ 8.35 |
| Oranges (1kg) | $ 1.86 |
| Potato (1kg) | $ 1.29 |
| Lettuce (1 head) | $ 0.55 |
| Rice (white), (1kg) | $ 2.13 |
| Tomato (1kg) | $ 2.55 |
| Banana (1kg) | $ 1.57 |
| Onion (1kg) | $ 1.06 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.24 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.21 |
| Monthly Pass (Regular Price) | $ 55.23 |
| Gasoline (1 liter) | $ 1.54 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 24 578.71 |
| Taxi Start (Normal Tariff) | $ 8.28 |
| Taxi 1km (Normal Tariff) | $ 2.10 |
| Taxi 1hour Waiting (Normal Tariff) | $ 22.09 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 34 060.38 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 181.86 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 29.35 |
| $ 23.05 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 849.82 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.80 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 63.52 |
| Tennis Court Rent (1 Hour on Weekend) | $ 20.71 |
| Cinema, International Release, 1 Seat | $ 11.05 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 75.49 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 34.15 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 85.92 |
| 1 Pair of Men Leather Business Shoes | $ 94.82 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 400.13 |
| International Primary School, Yearly for 1 Child | $ 7 431.37 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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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.