+ 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. 29509

2

Bedrooms

2

Bathrooms

100 sq.m.

Square

Parameters

Property Description

Contemporary residence in a tranquil area in Nicosia

A stunning contemporary four-story gated residence with only eight apartments. Each apartment boasts large comfortable living spaces designed with opulent style and elegance.

Only a stone's throw away from nearby local parks, private schools and kindergartens just round the corner, within close proximity to amenities and infrastructures makes the residence a perfect location for a family lifestyle.
 
A gated residence

8 units:
   3 two-bdr apartments + 1 office
   3 three-bdr apartments
   2 three-bdr penthouses with private roof terrace, veranda room & provision for jacuzzi

1 private parking space per apartment
2 private parking spaces for penthouses

 

Features

Veranda

Veranda

Storage room

Storage room

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

2 bedrooms Apartment in Nicosia, Cyprus No. 29509

2 bedrooms Apartment in Nicosia, Cyprus No. 29509

Features

Indoor facilities

Veranda

Veranda

Storage room

Storage room

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