€ 480 000

€ 12 973 / 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%

37m2 Apartment in Prodromos, Nicosia, Cyprus No. 30216

Bathrooms

37 sq.m.

Square

I quarter, 2026

Completion date

Parameters

Property Description

A unique architectural treasure comprises the legendary Berengaria Hotel and a residential development that is perfect for people who want a unique lifestyle experience.
The project will provide 5-star hotel amenities like a luxury spa that includes a large heated swimming pool, a well-designed gym, a yoga area, massage, a sauna, a jacuzzi, and extensive outdoor exercise and relaxation areas.
The historic hotel offering:

30 rooms
restaurants
indoor & outdoor pool
spa

Exclusive residential development project that consists of:

9 luxury villas - 3, 4 & 5 bedrooms
13 private residences - 2 & 3 bedrooms
6 modern apartments -1 bedroom
8 cozy studios
5 condo apartments - 3, 4 & 5 bedrooms in the hotel building

Features

Veranda

Swimming pool