€ 210 000

€ 1 892 / 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 Strovolos, Nicosia, Cyprus No. 23398

Bedrooms

Bathrooms

111 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

ID

23398
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Covered
Access

Private
Bedrooms

2
Floor

4
Total floors

4

Bathrooms

2
Square

111 sq.m.
Veranda area

24 sq.m.
To sea

34.5 km
To city center

4 km
To airport

38 km
Completion date

IV quarter, 2023
Completed

No

Property Description

located in one of the most prestigious areas of Strovolos near the town’s shopping centre.

Each apartment will benefit from a parking bay and storage room on the ground floor.

The area is considered perhaps the best in Nicosia, with easy access to the center or outside of Nicosia. The orientation of the plot and the apartment building with its proper design functionality, give it sun in the winter and coolness in the summer.