€ 285 000

€ 2 415 / 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%

3 bedrooms Apartment in Lakatamia, Nicosia, Cyprus No. 39499

Bedrooms

Bathrooms

118 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

This modern 3-bedroom apartment is located on a newly built three-storey residential building currently under construction in the area of Lakatamia. The apartment offers spacious and functional living areas, including a master bedroom, two bathrooms, three WCs, a large kitchen, and a comfortable open-plan living space. Bright, airy, and dual-aspect, the property is designed with a contemporary minimal aesthetic that combines style with everyday practicality.

The apartment includes a covered parking space in the pilotis area, a private storage room, and a spacious veranda ideal for outdoor living. Built with a strong focus on energy efficiency and modern construction standards, the property features Energy Efficiency Class A certification, photovoltaic panels, a solar water heating system, thermal insulation, thermal façade, thermal break aluminium frames, and three-phase electricity. Additional features such as an elevator and video door entry system further enhance comfort and security.

Ideally positioned close to public transport, parks, schools, supermarkets, shops, restaurants, and the city center, the apartment offers excellent accessibility and convenience for daily living. It is an excellent choice for families looking for a modern home in a growing residential area, while also presenting strong potential as an investment opportunity.
Floor: 3rd