+ 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. 31103

2

Bedrooms

2

Bathrooms

80 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

This Residence epitomizes an exceptional architectural philosophy, where each unit is meticulously designed to optimize both space and views. The dwellings exude a sophisticated fusion of contemporary amenities and luxurious elegance, tailored for the discerning homeowner.
Situated in the esteemed neighborhood of Engkomi in Nicosia, the capital of Cyprus, this development is distinguished by its:

Contemporary architectural design,
Advanced elevator systems,
Infrastructure prepared for electric vehicle charging stations at each parking slot,
Door phone systems installed at the entrance of the building,
Automated electric parking gates,
Surveillance with CCTV cameras at parking level and ground floor,
Highest energy efficiency rating of Class A,
Provision for underfloor heating.

These features collectively enhance the living experience, blending modernity with comfort and security.
This project is under a construction

Features

Veranda

Veranda

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. 31103

2 bedrooms Apartment in Nicosia, Cyprus No. 31103

Features

Indoor facilities

Veranda

Veranda

This website uses cookies to help provide you with the best experience we can. These cookies are used to collect information about how you interact with our website and allow us to remember you. By using this website you agree to the use of cookies for analytics and personalized uses.

Learn more