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Flat 75 м² in Paphos, Cyprus

388 955 $

5 186 $ /м²

4OUsP
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Area

75 м2

Bedrooms

2

Bathrooms

2

Luxury top floor apartment, Paphos, Cyprus

When you purchase this apartment you get Permanent Residence for only 2 months. Located in a quiet residential area of Paphos, this five storey development consists of 7 spacious and modern one and two bedroom apartments. There are just 2 apartments on each floor, with the top floor being the only two-bedroom penthouse with a large roof terrace with beautiful sea and mountain views. All apartments are finished with stylish details including marble and wood floors, granite countertops, handcrafted woodwork for kitchens and cabinets and exquisite sanitary fixtures. The combination of these luxurious homes and unrivaled location makes it an ideal investment for both rental and permanent living. Floor: 4th Number of bedrooms: 2 Number of bathrooms: 2 Living area: 75 m² Covered veranda area: 14 m² Features: Fully equipped and furnished, veranda, private parking, storage room, sea and city views, unbeatable location within walking distance to the city center, short walk to private international schools. Facilities: Beach - 3,5 km, supermarkets - 200 m, restaurants - 200 m, airport - 17 km. The price (€330,000) is subject to 19% VAT which can be reduced to 5% in certain conditions.

Additional details

Property type

All Types

Object type

Flat

Price

388 955 $

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 (388 955 $) 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).

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