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Flat 110 м² in Paphos, Cyprus

777 106 $

7 064 $ /м²

4OUsL
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Area

110 м2

Bedrooms

3

Bathrooms

2

Apartment for sale, Paphos, Paphos, Paphos, in Paphos, Cyprus

A beautiful 3 bedroom penthouse in one of the most sought after residential developments in Paphos. The secure Elysia Park complex has gained a reputation as the best place to stay in the tourist area of Paphos with 12 blocks of apartments, townhouses, large infinity pools and all amenities including restaurant, spa, gym, indoor pool, minimarket, pharmacy as well as property management and concierge services. The beach is only 1.5 km away and there are hospitals, banks, supermarkets and other city amenities in close proximity.The penthouse is spacious and has windows facing different sides of the building, providing a nice breeze if you are not a fan of air conditioning. Comfortable lounge areas are complemented by spacious terraces or balconies. Modern, high quality finishing materials have been chosen to match the Mediterranean lifestyle and climate. The apartment has a spacious open kitchen, living and dining areas, three spacious bedrooms, 2 bathrooms and lovely rooftop balconies to enjoy the Mediterranean outdoor lifestyle.This property generates good rental income due to its location, the amenities of a popular complex and the efficient management of the in-house lettings team.

Additional details

Property type

Residential Properties

Object type

Flat

Price

777 106 $

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 (777 106 $) 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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