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Land for sale in Pafos, Cyprus

Land for sale in Pafos, Cyprus - photo 1
Land area8585 m²
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Beach front plot of land for sale for development in Paphos

Sale Category: Return-on-Investment Opportunity
Property Type: Land
Plot Area: 8,585 m2
Building Density: 30%
Distance to the Sea: On the beach
Criteria for Cyprus Citizenship-by-Investment Program: Yes
Price: €4,500,000

Construction of 6 villas:

3 beach front covered area 400 m² each plus 250 m² lower level covered area.
3 at the back higher level villas of covered area 250 m² each plus 150 m² covered area lower level.
All with panoramic and uninterrupted sea views.

The land can be used to build residential properties.
Situated with access to public sandy beach and small bay
Walking distance to the luxury SPA Resorts.
5 minutes to the Paphos harbour and promenade.
15 minutes to Paphos International Airports.
High rental potential.

Property Location:
The plot is situated on the sandy beach close to many hotels, harbour area, local bars and restaurants and is easily accessible via the newly constructed beachfront promenade. Its ideal location combines peaceful seclusion with easy access to the centre of Kato Paphos along with all its attractions. The land location has easy access to the highways and to the centre of Pafos town.

Extra Сosts when Buying Property

up to €85 000 3%
€85 000 - €170 000 5%
over €170 000 8%
*If VAT has been paid no transfer tax
*If no VAT has been paid 50% of the transfer tax rate
If the value of the property is less than € 171,000 0,15%
If the value of the property exceeds € 171,000 0,2%
standard rate 19%
reduced rate 0-5%

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Ongoing Ownership Costs

Municipality Tax, annually 0.02%
Communal Services fees, multi-residential complexes, monthly €40-50
Communal Services fees, private house, monthly €60-200
Sewerage Tax, annually €60-75
Electricity costs, monthly about €50
Water rates, monthly about €50
Telecommunication rates €50-60

Additional Services Costs

Legal support (one time payment) 0.8%-1%

Return on Investment

Property Price
Rental Cost
Company Representatives
in Cyprus
Limassol, Paphos, Larnaka
in UK
in Russia
+7 (495) 240-81-87
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