In frameUniversal Park 1completedpeople live there
Universal Park 1completed
Coastal Edge DevelopmentPaphos and around
New builds in Paphos from €220,000 — the developer’s payment plan, tied to construction stages
You don't pay the whole sum up front: payments are tied to stages of construction that are already finished. Price, size and status are shown on every home — in the table below.
- Available74 of 284
- Developments13
- Reservation€10,000
- Contractlodged before payments
- Final paymenton handover of the keys
- LawyerHave the paperwork checked by any lawyer — your own is welcome: we'll send them the contract, the land documents and the building permit.
- ResidencyHomes in different areas and budgets qualify for a permanent-residency application — we'll tell you which ones.
- InvestmentWe invest in Cyprus property ourselves: if this is your first one as an investment, we'll help you choose.
DevelopmentsPaphos and around
13 addresses in Paphos and around
Cypress Park
Yeroskipou, Paphos
- bedrooms
- studios, 1–3
- size
- 40–122 m²
- completion
- Q2 2027
Prices and availability as of 24 October 2026how we check prices
The whole cataloguePaphos
74 of 284 available
The ten lowest-priced homes. Prices exclude VAT — the rate and the relief are worked out below.
Bedrooms
- Cypress Park€220,000G102 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€230,000F102 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€230,000G103 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€230,000H101 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€240,000E202 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€240,000F103 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€240,000H201 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Cypress Park€250,000F202 / 1 bed / 50 + 13 m²AvailableVAT 5%
- Panorama Apartments€285,000C101 / 1 bed / 52 + 12 m²AvailableVAT 5%
- Panorama Apartments€295,000C201 / 1 bed / 52 + 12 m²AvailableVAT 5%
Prices exclude VAT / internal area plus veranda / the VAT rate has its own column
Open the full catalogue: 284 homesProcessmoney after the Land Registry
How buying works
Each payment follows a stage that's already built. Below, the house goes up in the order you pay for it.
Payment schedule
- 01Reservation€10,000The home is off the market, the price is fixed
- 02Your lawyer checks the paperwork—Contract, land documents and building permit — before you sign
- 03Contract lodged with the Land Registry30%The first payment is due only once it is lodged
- 04Foundation and frame30%The shell of the building is up
- 05Blockwork and plastering20%Walls built and plastered
- 06Tiling10%Floors and bathrooms tiled
- 07Windows and glazing5%Aluminium units installed
- 08Handover of keys5%The building is signed off, the home is ready to move into
The five steps in detail
- 01
You choose a home and ask your questions
WhatsApp or Telegram — we answer ourselves, with no sales department in between. If you're already in Cyprus, arrange a time and come: we'll show you the site and our finished building.
- 02
Reservation — €10,000
The home comes off the market, the price is fixed in euros and the deposit is credited against it. That money is non-refundable — which is precisely why the home is withdrawn from sale. If something goes wrong through no fault of yours (a bank transfer that never lands, say), we deal with it separately.
- 03
Your lawyer checks the paperwork
We need this as much as you do: we send your lawyer the contract, the land documents and the building permit. They check everything before signing, not after.
- 04
The contract is lodged with the Land Registry — before the staged payments
A registered contract ties this specific home to you: it can no longer be sold twice or mortgaged behind your back. And the Land Registry will not accept a contract without a building permit, or on land with encumbrances — so the checking happens before the money. In Cyprus this is a self-verifying chain: no permit without clean land documents, no registration without a permit, no payments without registration.
- 05
You pay as it's built — and you get the keys
Every payment is tied to a stage that is already finished: you pay for what has been built, not for a promise. After completion and handover the separate title deed is issued — the end of the same chain.
This is how it works if you come in at the start
The schedule holds while the first phase — foundation and frame — is unfinished. If construction has gone further, the completed stages fold into the first payment and it gets larger: at Michelle Park, where the frame is on the third floor, the first payment is 50%, due once the contract is lodged with the Land Registry. What it comes to on a particular home, we tell you before any reservation.
VAT is added to every payment — the rate is worked out in the calculation below. We send the full turnkey cost table before any reservation. How the whole off-plan sequence protects you — on the off-plan page.
VAT live calculation
5% instead of 19% — but only up to €475,000
Catalogue prices exclude VAT. What you pay depends on the price and the covered area.
- 5%on the first 130 m² and the first €350,000
- 19%on anything above those limits
- €475,000or 190 m² is the cap — over either, 19% on the whole price
Who you pay, and when
Reduced VAT is a Cyprus relief for a main residence: 5% instead of 19% on the first 130 m² and the first €350,000. A home over 190 m² or €475,000 loses it entirely — the whole price is then taxed at 19%.
- VAT
- To the developer, with each staged payment and in the same proportion. There is no separate lump sum at the end; the developer remits the tax to the Tax Department.
- The reduced rate
- On application by the buyer to the Cyprus Tax Department — it is not applied automatically. Filed before completion, together with the property documents.
- Transfer fees
- Not payable on a new build sold with VAT — that duty belongs to title transfers on the resale market.
- Stamp duty and your lawyer
- Separate from VAT and not included here. We send the full cost table before any reservation.
Calculated from the catalogue price and covered area. The relief is granted on a new home the buyer lives in themselves for at least 10 years, if they own no other home in Cyprus bought at the reduced rate. Eligibility is confirmed by the Cyprus Tax Department, not by this site — we check how it applies to you before any reservation.
Every tax and fee on buying and owning — what buying a new build actually costs and the Cyprus tax 2026 article.
Price including VAT
€231,000
VAT €11,000/effective rate 5%
The relief saves €30,800 against 19% on the whole price
A reference calculation covering VAT only. Eligibility is confirmed by the Cyprus Tax Department. Full calculation with both sliders
Universal Park 1Paphos, the Universal area
This one we have already built
Six homes out of six sold, and the owners live there. It stands in the Universal area — you can come and see it.
See the developmentTrack recordPaphos and around
Completed and under construction
Twenty-plus years of construction in Cyprus stand behind our projects. Here is every development in the catalogue that is already finished or being built now, with its delivery date.
Seven more developments are sold at the design stage, delivery Q2 2028 to Q4 2028 — all of them in the catalogue.
Why uscheckable without us
All of it can be checked without asking us
HE 448081
Registered in Cyprus
Coastal Edge Development LTD, VAT CY60014163T. Both numbers can be checked in the public registers in a minute.
74 of 284
Available right now
Reserved and sold homes are shown too — so you can see what's left and how fast it goes.
Paphos.
We're here
We answer ourselves, with no sales department. Arrange a time and we'll meet you on site and show you the build.
About buyingthe market, briefly
New builds in Paphos: the market and our catalogue, briefly
We sell new-build homes in the Republic of Cyprus, in Paphos and the surrounding villages — from €220,000 to €800,000. On our own developments the contract of sale is with Coastal Edge Development LTD (reg. HE 448081); on the others it is signed directly with the developer, at the developer’s price — you pay nothing on top.
Read more
What protects a buyer’s money in Cyprus is not our word but the order things happen in. A building permit is not issued until the developer holds clean documents for the land. A contract of sale is not registered at the Land Registry without that permit — and not registered at all on land carrying encumbrances. And the staged payments only start after registration: until then the buyer pays nothing. Each link checks the one before it, and it is the state doing the checking, not the seller.
Catalogue prices exclude VAT. The standard rate is 19%; if the home becomes your main residence and meets the conditions, part of the price is taxed at the reduced rate of 5% — we work out how it applies before any reservation. What it comes to for a given price and area is shown by the VAT calculation above on this page, which also shows what the relief saves. Transfer fees are not payable on a new build sold with VAT. We send the full turnkey cost table before you reserve, so the figure doesn’t grow at signing.
Paphos is the district foreign buyers choose most often. It is where our own developments are: the completed Universal Park 1 and Michelle Park, under construction. Around it — in Konia, Peyia, Agia Marinouda and Yeroskipou — are the projects of the developers we work with: apartments from €220,000 and villas with a pool and their own plot. Every home shows its price, its size and its status: available, reserved or sold.
Buying to let? The apartments under €400,000 on sale now, each with its price including 19% VAT and its yearly communal fee, are on the investment property for sale in Paphos page.
Frequently asked
What protects my money while the building isn't finished?
The order things happen in, not our word. In Cyprus no building permit is issued until the developer holds clean land documents. No contract of sale is registered at the Land Registry without that permit — and none is registered on land carrying encumbrances. And the staged payments only begin after that registration: until then you pay nothing. Each link is checked by the link before it, and it is the state doing the checking, not the seller. A registered contract ties this specific home to you, and its title deed is issued after the building is completed and signed off — the end of the same chain.
What will I pay on top of the price of the home?
VAT at 19%; if the home becomes your main residence and meets the conditions of the relief, part of the price is taxed at 5% instead (there are caps on area and value — we work out how it applies before any reservation). Plus your own lawyer's fee; stamp duty was abolished on 1 January 2026. Transfer fees are not payable on a new build sold with VAT. We send the full turnkey cost table before you reserve anything — no surprises afterwards.
What happens if the developer goes under before completion?
A contract registered at the Land Registry gives you a statutory claim on the property itself: it cannot be sold twice or quietly mortgaged over your head. Payments are tied to construction stages — you pay for what has been built, not for a promise.
Can I bring my own lawyer?
You should. We insist on an independent lawyer ourselves and send them everything on the property: the contract, the land documents, the building permit. The checking happens before the contract is signed, not after.
Does construction carry on regardless of sales?
Yes. At Michelle Park, our own development in Paphos, the frame is already on the third floor — come to the site, or ask for photographs dated this month.
ContactPaphosCyprus time
Write to us — you'll be answered by us
There is no sales department between you and an answer: we're in Paphos, next to the properties, and we reply ourselves — during working hours, Cyprus time. If you need an answer, floor plans or the full turnkey cost table, write on whichever messenger suits you.
Mon–Sat / 09:00–19:00 (EEST, UTC+3)
WhatsApp +357 97 978087Telegram @CEDEV_property
info@cedevproperty.com