Investment apartment in Paphos
from €180,000 + VAT
00 Visualization, for illustration only
Location
What's around
- Paphos city centre~2.3 km
All distances
Distances from OTELLO
- The Farm supermarket0.5 km≈ 4 min drive
- Lichnari restaurant0.7 km≈ 7 min drive
- Restaurant0.7 km≈ 6 min drive
- Neapolis University0.8 km≈ 7 min drive
- Maharaja Indian Restaurant0.9 km≈ 6 min drive
- Y & A Hadjioannou Distributor supermarket0.9 km≈ 7 min drive
- Iasis Hospital1.0 km≈ 4 min drive
- The sea1.1 km≈ 7 min drive
- Kings Avenue Mall2.0 km≈ 8 min drive
- Russian School of Paphos2.5 km≈ 7 min drive
- Kykkos Lyceum of Paphos2.9 km≈ 8 min drive
- The International School of Paphos5.2 km≈ 10 min drive
- Paphos airport6.7 km≈ 20 min drive
The building
A new build, specs known upfront
Two buildings and 25 apartments in the Universal district of Paphos. Handover is planned for Q4 2028, and what you get is already known today:
- 01Eurocode standardA frame designed for earthquake resistance
- 02Double glazingInsulation from heat and noise
- 03Energy rating ALow electricity consumption
- 04Included in the priceSplit air conditioners, intercom and a security system
Choose an apartment
Find your apartment on the building
Tap a veranda to see the apartment type, floor, area and price. You can filter by type and floor.
Available by type
per the 17.09.2026 price list
Apartments
Which apartment suits you
For each type: a scaled floor plan, areas and price. Tap the plan to enlarge it.
- Interior
- 35 m²
- Veranda
- 8 m²
- Total
- 43 m²
- Price
- from €180,000 + VAT
- Interior
- 52 m²
- Veranda
- 12 m²
- Total
- 64 m²
- Price
- from €240,000 + VAT
- Interior
- 50 m²
- Veranda
- 14 m²
- Total
- 64 m²
- Price
- from €250,000 + VAT
- Interior
- 80 m²
- Veranda
- 13 m²
- Total
- 93 m²
- Price
- from €390,000 + VAT
- Interior
- 77 m²
- Veranda
- 13 m²
- Total
- 90 m²
- Price
- from €390,000 + VAT
The view
How OTELLO fits into the neighborhood
A 360° drone shot above the neighborhood, with a visualization of the buildings on the plot. Drag the image to look around in every direction.
Your path
What brings you to Paphos?
Choose a path, and the rest of the page will show what matters to you.
The page is tailored to your choice · Change path
The numbers
What the numbers say
Three official figures on the Paphos housing market. Tap a figure to see its chart.
Past market data does not guarantee a future rise in the price of a specific apartment, nor a quick sale or a sale at any particular price.
Median price per m², in euros
The median of all deals in the district, including resale homes. A new apartment like OTELLO sells above the median.
Out of 100 buyers in Paphos
Foreigners 66Cyprus residents 34
Share of foreign buyers by district
- Paphos66%
- Larnaca59%
- Limassol53%
- Famagusta41%
- Nicosia16%
Cyprus Statistical Service · 2024
Apartment purchases in Paphos by buyer nationality
Cyprus Ministry of Interior · 9.2024–9.2025
Yield
What you could earn from renting
The developer's forecast, not a promise
Choose an apartment type to see how the developer calculates the yield and how its assumptions compare with the Paphos market.
Expected annual yield in the first year
Profit before tax: ~€12,314 a year
The developer's forecast is not a commitment or a guarantee of return. Actual results depend on occupancy, seasonality and how the property is managed.
How the developer calculated it
- Price per night
- €90
- Occupancy in year one~230 nights a year
- 63%
- Annual revenue
- €20,696
- Management, booking fees and running costs
- −€8,382
- Profit before tax
- €12,314
- Price before VAT + furniturebased on the cheapest unit of this type
- €180,000 + €10,000
€12,314 ÷ €190,000 = 6.5%
The assumptions vs. the Paphos market
Price per night€90
Slightly below the market average: a conservative assumption
Occupancy63% → 74%
Year oneLong term
Below market occupancy: a conservative assumption
Forecast: the developer's rental tables. Market: AirDNA and Airbtics, all property types in Paphos.
VAT & residency
How much you save when you move here
Under Cyprus law, subject to a lawyer's review
Choose an apartment type to see the VAT saving and whether it meets the residency threshold.
VAT saving if this is your permanent home
The VAT rate and eligibility depend on your personal situation and need to be checked with a Cyprus lawyer before signing. Residency approval depends on Cyprus's immigration department and the applicant's personal situation — not on us or the apartment. Conditions need to be checked with a licensed Cyprus lawyer.
VAT on the apartment
- Price before VATbased on the cheapest unit of this type
- €180,000
- Standard VAT, 19%
- €34,200
- Reduced VAT for a permanent home5% on the full price
- €9,000
- The saving
- €25,200
- The apartment is your permanent home in Cyprus, regardless of citizenship
- You live there for at least 10 years, otherwise the VAT difference may be charged
- Does not apply to an investment apartment
Residency by investment, Regulation 6(2)
Threshold: €300,000 before VAT, in a new property
Below the threshold: this apartment alone is not enough
- A steady income from abroad is required for the applicant and family members
- The status does not give the right to work in Cyprus
- It is not Schengen residency: Cyprus is not yet in Schengen
Practical guide
What to know before you move
Flights, community and nearby services, from data we checked.
Flight from Tel Aviv
About an hour, direct
About 24 direct flights a week to Paphos on four airlines. Even more to Larnaca.
As of 05/2026. The schedule is seasonal, and there is no regular passenger ferry.
Paphos airport
≈ 20 min drive
6.7 km in a straight line
Chabad of Paphos
A synagogue, a kosher restaurant and a kosher store
5 Othelou St, Kato Paphos
Iasis private hospital
≈ 4 min drive
1 km in a straight line
International school
≈ 10 min drive
5.2 km in a straight line
The sea
≈ 7 min drive
1.1 km in a straight line
Drive times from OpenStreetMap, without traffic. Distances in a straight line.
Life here
A day at OTELLO
Morning by the pool, evening on the veranda.
Visualization, for illustration only
About us
Who guides you in Paphos
Ensofia is a local company in Paphos. We started in property management, and today we guide buyers and investors from the search to the handover.
- A team that speaks Hebrew, English, Russian and German
- One point of contact all the way
- We never hold client funds
Our license number is 000/000 and can be checked with the registrar.
Our address: 1 Example Street, Paphos.
How it works
- 01
A short call
About your goal, timeline and where you are in the process.
- 02
A clear plan
Financing, payments, legal steps and what's needed if you're relocating.
- 03
The right professionals
Local lawyers, accountants and banks we've worked with for years.
- 04
Support until handover
Clear updates and follow-up on every step, until the keys are yours.
Legal and financial advice is given by licensed lawyers and accountants in Cyprus. We coordinate the process.
Contact
Want a price quote?Want to hear about relocating?We'd be glad to tell you more
Leave your details and an Ensofia representative will get back to you shortly.
17 of 25 apartments available, per the 17.09.2026 price list