€ 290 000

€ 2 358 / 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. 23420

Bedrooms

Bathrooms

88 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

ID

23420
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Covered
Bedrooms

2
Total floors

2
Bathrooms

2

Square

88 sq.m.
Land area

123 sq.m.
Veranda area

30 sq.m.
To sea

52 km
To city center

3 km
To airport

54 km
Completion date

IV quarter, 2024
Completed

No

Property Description

A prestigious residential development in Engomi.

The building is comprised of 2-bedroom and 3-bedroom apartments and an exquisite 3-bedroom ground floor apartment with a private garden.
The project is situated in a quiet neighborhood in Parissinos (Engomi), with a wide range of amenities nearby.