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Flat 118 м² in Paphos, Cyprus

449 823 $

3 812 $ /м²

4OUvF
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Area

118 м2

Bedrooms

1

Bathrooms

2

3 bedroom apartment for sale in the center of Paphos.

A residence built in the famous Park of Colors in the center of Paphos. The 32000m2 park will consist of sports fields, playground and botanical garden, cafeteria, basketball and soccer courts, changing rooms, climbing wall, skate park and outdoor exhibition space. The park will be the largest in Paphos and one of the largest on the island.The project delights with impenetrable views of lower Paphos and the sea. It is an ideal location for urban living, located a short distance from the old town with its narrow streets, boutiques, cafes, bars and restaurants. Convenient access to Paphos commercial district, nightlife, the famous Hamam baths, Paphos Mall and the city bus route. This project is the perfect place to enjoy and explore the best that Paphos has to offer. A great option for city living or investment with excellent rental opportunities.The project consists of 4 buildings of 8 floors each, with possible options of 1, 2 and 3 bedroom apartments. Each apartment has a spacious bedroom, living room and open kitchen, as well as a mesmerizing panoramic view of the sea and cityscape.'\

Additional details

Property type

Residential Properties

Object type

Flat

Price

449 823 $

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 (449 823 $) 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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