€ 162 400

€ 2 095 / 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%

1 bedroom Apartment in Strovolos, Nicosia, Cyprus No. 23751

Bedrooms

Bathrooms

77.5 sq.m.

Square

IV quarter, 2023

Completion date

Parameters

ID

23751
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Covered
Bedrooms

1
Floor

1
Total floors

5

Bathrooms

1
Square

77.5 sq.m.
Veranda area

12.7 sq.m.
To sea

36 km
To city center

1.9 km
To airport

40 km
Completion date

IV quarter, 2023
Completed

Yes

Property Description

From an exclusive area of Cyprus, the project offers a beautifully designed development located in a serene area of Strovolos, Nicosia. Nicosia is known to be the central business hub and is one of the most vibrant cities in Cyprus. The prime location has direct access to the Limassol Nicosia highway and only minutes away from one of the most cosmopolitan city centers.

Parking: parking space

Furnished: This natural setting surrounds project with an urban environment set back from the busy city road, allows unprecedented peace and tranquility.The project consists of 32 units carefully designed to satisfy its residents with distinctive layouts and high standards of finish as well as provide ultimate comfort for a unique lifestyle.