+ 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 Penthouse in Nicosia, Cyprus No. 31112

2

Bedrooms

3

Bathrooms

148 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

This building epitomizes modern elegance, offering a diverse array of living spaces that includes 7 apartments: two with two bedrooms and five with three bedrooms. Situated in close proximity to the bustling city center, the property seamlessly blends convenience with luxury, making it an optimal choice for those seeking residence or investment opportunities in a vibrant urban setting. Surrounded by peaceful landscaped gardens and featuring spacious terraces, the complex achieves a harmonious balance between urban activity and tranquility.
The architecture and amenities of the building reflect a commitment to excellence:
- Distinctive contemporary architecture
- Elevator access for convenience
- Class A energy efficiency for sustainable living
- Secured gated community for enhanced safety
- Private covered parking for residents
- Individual storage rooms for added space
- Solar water heaters and photovoltaic panels for environmental sustainability
- Electric vehicle charging stations for modern needs
The living spaces are meticulously designed with attention to detail to ensure comfort and luxury:
- En suite bathrooms with showers in every bedroom
- Studio kitchens for a contemporary lifestyle
- Natural wood parquet flooring in bedrooms for warmth and elegance
- Pre-installation for air conditioning systems
- Underfloor heating for added comfort
The project is in the stage of 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 Penthouse in Nicosia, Cyprus No. 31112

2 bedrooms Penthouse in Nicosia, Cyprus No. 31112

Features

Indoor facilities

Veranda

Veranda

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