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+ 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. 23400

2

Bedrooms

2

Bathrooms

107 sq.m.

Square

II quarter, 2024

Completion date

Parameters

Property Description

The project is being built on a prime plot surrounded by three roads in the area near Frederick University.

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

Features

Near public transportation

Near public transportation

Close to shopping malls

Close to shopping malls

Close to the city centre

Close to the city centre

Prestigious district

Prestigious district

City view

City view

Panoramic view

Panoramic view

Statistics

€ 2 763

Price per sq.m.

154

Quality of Life Index

59

Cost of Living Index

Choose a city for comparison

Parameters

Nicosia

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 719

Apartment (1 bedroom) Outside of Centre

€ 622

Apartment (3 bedrooms) in City Centre

€ 1 526

Apartment (3 bedrooms) Outside of Centre

€ 1 189

Buy Apartment Price

Price per square metre in the city centre

€ 2 763

Price per square metre outside the city centre

€ 2 042

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2 bedrooms Apartment in Nicosia, Cyprus No. 23400

2 bedrooms Apartment in Nicosia, Cyprus No. 23400

Features

Location

Near public transportation

Near public transportation

Close to shopping malls

Close to shopping malls

Close to the city centre

Close to the city centre

Prestigious district

Prestigious district

City view

City view

Panoramic view

Panoramic view

Beautiful view

Beautiful view

Features

Intercom

Intercom

Smart Home system (on demand)

Smart Home system (on demand)

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