Flat 75 м² in Paphos, Cyprus

391 958 $

5 226 $ /м²

4OUtY

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #1

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #2

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #3

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #4

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #5

Flat 75m² in Cyprus, Paphos. Priced at 291962£ rent photo- #6

Area

75 м²

Bedrooms

Bathrooms

Luxury 2 bedroom apartment in Universal, Paphos, Cyprus.

This project is located in the picturesque residential area known as Universal. This exquisite residential structure is close to the center of Paphos town, but is also located in a very peaceful area. By purchasing this property you can obtain permanent residency in just 2 months! The apartment is located on the second floor and consists of 2 bedrooms and 2 bathrooms, one of which has its own bathroom. The property is fully equipped and furnished with modern finishes and top quality fixtures and fittings, private parking and allocated storage space is provided. The covered area is 75 sqm, covered veranda 16 sqm. Amenities include air conditioning, elevator, balcony, private parking, storage, equipment and furniture, communal swimming pool, communal covered garden. Close to supermarkets (500 m), restaurants (500 m), medical facilities (1000 m), schools (500 m), airport (15 km). The price (335.000 euros) is subject to 19% VAT which can be reduced to 5% under certain conditions.

Additional details

Property type

All Types

Object type

Flat

Price

391 958 $

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 (391 958 $) 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).