€ 165 000

€ 3 116 / 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%

1 bedroom Apartment in Strovolos, Nicosia, Cyprus No. 39898

Bedrooms

Bathrooms

52.95 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

Discover contemporary living in this stylish one-bedroom apartment in the prime Egkomi area, just a short walk from the University of Nicosia and the Mall of Egkomi. Built with high-quality materials, this newly constructed building offers comfort, style, and strong investment potential. The apartment features an open-plan layout, ceramic tiles, double-glazed windows, a covered balcony, and provisions for air-conditioning. It also includes covered parking, a storage room, elevator access, and full accessibility. With 2KW solar photovoltaic panels for energy efficiency and excellent rental appeal due to its unbeatable location near bus routes and amenities, this is a great opportunity for both investors and homeowners. If you're looking for a home that combines convenience, style, and long-term value, this one is definitely worth viewing.
Floor: 2nd