€ 223 500

€ 2 980 / 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%

2 bedrooms Apartment in Strovolos, Nicosia, Cyprus No. 39897

Bedrooms

Bathrooms

75 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

In the heart of Egkomi, just minutes from the University of Nicosia and the Mall of Egkomi, we present a modern two-bedroom apartment that stands out for its quality and design. This newly built development has been constructed with great attention to detail, offering a space ideal for those seeking comfortable living or a smart investment opportunity.

The apartment features bright, open-plan interiors, modern ceramic flooring, double-glazed windows, and a spacious covered balcony perfect for relaxation. It also includes provisions for air-conditioning, covered parking, a storage room, and easy access via an elevator, meeting all contemporary living needs.

The 3KW solar photovoltaic panels provide significant energy savings, while the excellent location — close to bus routes, services, and essential amenities — further enhances the property’s appeal, making it suitable both for permanent residence and for rental purposes.

A home that combines comfort, practicality, and modern aesthetics. A viewing will surely convince you.
Floor: 1st