€ 258 000

€ 2 082 / 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. 23750

Bedrooms

Bathrooms

123.9 sq.m.

Square

Parameters

ID

23750
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Covered
Access

Private
Bedrooms

2
Floor

1

Total floors

4
Bathrooms

2
Square

123.9 sq.m.
Veranda area

23.7 sq.m.
To sea

34 km
To city center

2.4 km
To airport

38 km
Completed

Yes

Property Description

Nicosia, Cyprus’ capital for nearly 1000 years, is a sophisticated and cosmopolitan city, rich in history and culture that combines its historic past with the amenities of a modern city. The ‘new’ Nicosia developed outside the old town (surrounded by sturdy Venetian walls) became a contemporary, business and cultural center. Just a few miles carsaway are enchanting places of interest such as Byzantine churches and monasteries, archaeological sites and charming villages. The uniqueness of such a combination makes the capital of Cyprus a place worth knowing and certainly a place worth living. Nicosia is the base for the Government head offices, Diplomatic headquarters and Cyprus’ major universities.

Parking: parking space

Furnished: A luxury residential complex, state-of-the-art project that features finished luxury residences of twelve 2-, 3- and 4- bedroom apartments and penthouses. Double glazing thermal glass windows look out onto large spacious terraces which enjoy panoramic city views of Nicosia. Richly designed modern architecture blends the interior and exterior spaces into a warm, elegant mix of offerings to allow you to enjoy every moment. Focused on sophisticated details and understated style, this is an address to be envied, the go-to destination for the discerning buyer.