House 244 м² in Paphos, Cyprus

1 483 147 $

6 078 $ /м²

4OThi

House 244m² in Cyprus, Paphos. Priced at 1285000€ rent photo- #1

House 244m² in Cyprus, Paphos. Priced at 1285000€ rent photo- #2

Area

244 м²

Bedrooms

Bathrooms

5 bedroom house / villa for sale in Paphos, Paphos, Cyprus

This modern and exclusive villa is part of a new residential development in one of the most sought after residential areas in the heart of Paphos town center. This five bedroom villa is designed on large plots in the center of Paphos town. The villa has a private pool, spacious terrace and luxury finishes in one of the most sought after residential areas in the heart of Paphos town center. The development is very close to the harbor and tourist area of Paphos, Kings Avenue Mall, as well as many bars, restaurants and other amenities. Total built-up area 428.07 sqm, living area 324.75 sqm, covered verandas / terraces 64.84 sqm, other covered areas 38.48 sqm, open verandas 81.69 sqm. Price + VAT.

Additional details

Property type

All Types

Object type

House

Price

1 483 147 $

FAQ

In Cyprus a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Paphos; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Cyprus finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Cyprus takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Paphos short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 483 147 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Paphos: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).