3 bedrooms Apartment in Paphos, Cyprus No. 66195
ID66195
$ 680 256
Property description
Three Bedroom Apartment For Sale In Pano Paphos, Cyprus - Title Deeds (New Build Process)This new project is nestled in the most central location of Paphos, it is ideal for people who adore the city's vibrant energy while at the same time can enjoy the various facilities of a serviced project.
The gated development consists of 1, 2 and 3 bedroom luxurious apartments built with modern architectural aesthetics with a unique historic landmark building in the center that will be preserved and transformed to a clubhouse for the residents. The clubhouse will feature reception and concierge services and a cafe area while at the back of the building the residents can work out at the indoor gym, relax at spa and sauna areas or use the swimming pool in the landscaped garden. The commercial premises on the ground floor provide additional amenities to the owners.
The location of this new project is exceptional as it is literally in the heart of the city just walking distance to the government offices, banks, shopping center, schools and particularly to the new universities and steps away from the main Paphos entertainment area with a great variety of cafes, restaurants and bars.
This development is one of the most solid and timeless investments that is available in the market.
- Three bedrooms with fitted wardrobes
- Open plan living - lounge - dining area
- Modern fully fitted kitchen
- Two bathrooms
- Air conditioning
- Modern architectural aesthetics
- Unfurnished
- Allocated covered parking
- Clubhouse
- Reception and concierge services
- Indoor gym
- Communal swimming pool
- Gated development
- Internal area 110 m2
- Covered veranda 45 m2
- Covered parking 12 m2
- Communal Fee TBC
- 4 minutes to the nearest beach
- 6 minutes to Paphos Harbour with its wide selection of restaurants, bars and amenities
- 16 minutes to the nearest golf course
- 23 minutes to Paphos International Airport
- Suitable for Cyprus Permanent Residency - Fast Track
- Subject to VAT
- Energy Efficiency A
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)
* Bespoke Design
* Excellent Investment Opportunity
* Suitable for Cyprus Permanent Residency - Fast Track
* Subject to VAT
* Under Construction - Completion in 24 months
* Energy Efficiency A
Pano Paphos
Pano Paphos
County: Paphos
Sale Type: For Sale
Ref #: KOR012N3
Paphos - Statistics
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| Parameters | Paphos |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 957.01 |
| Apartment (1 bedroom) Outside of Centre | $ 768.16 |
| Apartment (3 bedrooms) in City Centre | $ 1 838.64 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 500.59 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 240.98 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 075.64 |
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| Parameters | Paphos |
|---|---|
| Crime Index | 31.94 |
| Cost of Living and Rent Index | 39.50 |
| Purchasing Power Index | 86.05 |
| Property Price to Income Ratio | 7.41 |
| Safety Index | 68.06 |
| Traffic CO₂ Index | 3990.00 |
| Traffic Inefficiency Index | 108.55 |
| Rent Index | 24.38 |
| Health Care Index | 70.76 |
| Groceries Index | 53.20 |
| Pollution Index | 31.54 |
| Traffic Commute Time Index | 19.38 |
| Restaurant Price Index | 52.27 |
| Climate Index | 96.66 |
| Cost of Living Index | 51.66 |
| Quality of Life Index | 185.69 |
| Traffic Index | 97.36 |
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| Parameters | Paphos |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 16.08 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 64.31 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 7.50 |
| Domestic Beer (0.5 liter draught) | $ 3.22 |
| Imported Beer (0.33 liter bottle) | $ 3.48 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.12 |
| Water (0.33 liter bottle) | $ 1.08 |
| Cappuccino (regular) | $ 3.55 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.58 |
| Loaf of Fresh White Bread (500g) | $ 1.61 |
| Eggs (regular) (12) | $ 4.32 |
| Local Cheese (1kg) | $ 17.28 |
| Water (1.5 liter bottle) | $ 1.05 |
| Bottle of Wine (Mid-Range) | $ 7.23 |
| Domestic Beer (0.5 liter bottle) | $ 1.66 |
| Imported Beer (0.33 liter bottle) | $ 2.43 |
| Cigarettes 20 Pack (Marlboro) | $ 5.36 |
| Apples (1kg) | $ 2.61 |
| Chicken Fillets (1kg) | $ 8.57 |
| Oranges (1kg) | $ 2.41 |
| Potato (1kg) | $ 1.25 |
| Lettuce (1 head) | $ 0.93 |
| Rice (white), (1kg) | $ 2.07 |
| Tomato (1kg) | $ 3.23 |
| Banana (1kg) | $ 1.52 |
| Onion (1kg) | $ 1.03 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 14.34 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.14 |
| Monthly Pass (Regular Price) | $ 53.59 |
| Gasoline (1 liter) | $ 1.51 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 23 848.67 |
| Taxi Start (Normal Tariff) | $ 8.04 |
| Taxi 1km (Normal Tariff) | $ 2.04 |
| Taxi 1hour Waiting (Normal Tariff) | $ 21.44 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 33 048.72 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 172.81 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 36.58 |
| $ 22.62 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 794.87 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.01 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 60.48 |
| Tennis Court Rent (1 Hour on Weekend) | $ 20.10 |
| Cinema, International Release, 1 Seat | $ 10.72 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 97.81 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 64.31 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 117.64 |
| 1 Pair of Men Leather Business Shoes | $ 104.49 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 395.91 |
| International Primary School, Yearly for 1 Child | $ 7 261.79 |
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.