€ 159 999

€ 2 353 / 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 Agios Georgios, Nicosia, Cyprus No. 40080

Bedrooms

Bathrooms

68 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

Excellent Investment Opportunity – Brand New Modern 1-Bedroom Apartment Near Top Universities in Nicosia. The property is already rented out at a rent with a very good return on investment.

A modern, fully furnished 1-bedroom apartment is now available for sale in a prime location, just a few steps away from the University of Nicosia and the European University. Whether you're looking for a high-yield rental investment or a stylish, comfortable home, this property is a rare opportunity in one of the most sought-after areas of the city.

Eligible for the Government Grant Scheme for Mountainous/Remote Areas

Property Features

Total Area: 68 m²

3rd Floor of a modern, contemporary-design building

Elegant bathroom with built-in toilet and high-quality shower fixtures

Fully equipped kitchen with all electrical appliances and techno granite countertops

Midea A+++ energy-saving air conditioning units in all areas

Fully furnished, including all essential electrical appliances

Separate space for washing machine and dryer

Additional Amenities

Covered parking space
Private storage room
Modern and secure building with contemporary architecture

Prime Location & Investment Potential

This apartment offers the ideal combination of privacy, comfort, and convenience, with immediate access to universities, public transport, daily amenities, and Nicosia’s city center. Its location ensures strong rental demand, both from students and young professionals, making it a perfect choice for investors or first-time buyers.

Don’t miss this unique opportunity to own a high-return property in one of Nicosia’s most dynamic and up-and-coming areas!
Floor: 3rd