€ 275 000

€ 2 355 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

2 bedrooms Apartment in Nicosia, Cyprus No. 23369

Bedrooms

Bathrooms

116.75 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

ID

23369
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Open and covered
Access

Private
Bedrooms

2
Floor

4
Total floors

4

Bathrooms

2
Square

116.75 sq.m.
Veranda area

69.4 sq.m.
To sea

36 km
To city center

1 km
To airport

39 km
Completion date

IV quarter, 2024
Completed

No

Property Description

located in one of the most prestigious areas near the town’s shopping centre and consists of 8 large luxury apartments. Each floor consists of 2 two-bedroom apartment.

Each apartment has its own parking space and storage room.

• Located in a quiet area
• Close to schools and shops
• Ten minutes from city centre
• Easy access to highways
• Designed for functional and esthetic perfection
• Comfortable, functional spaces