€ 275 000

€ 1 871 / 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%

3 bedrooms Apartment in Lakatamia, Nicosia, Cyprus No. 23418

Bedrooms

Bathrooms

147 sq.m.

Square

III quarter, 2024

Completion date

Parameters

ID

23418
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Covered
Access

Private
Bedrooms

3
Floor

1
Total floors

3

Bathrooms

2
Square

147 sq.m.
Veranda area

30 sq.m.
To sea

38 km
To city center

6 km
To airport

41 km
Completion date

III quarter, 2024
Completed

No

Property Description

The project is being built on a prime plot in the Municipality of Lakatamia. 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.

In the shed there are warehouses and functional parking spaces for each apartment.

The distance of the building from the border is large for the smooth circulation of cars in and out of the parking area.