€ 264 000

€ 3 300 / 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 Nicosia, Cyprus No. 43823

Bedrooms

80 sq.m.

Square

Parameters

Property Description

The stylish residential building comprises of eight spacious one and two bedroom apartments with large verandas, covered parking and private storage rooms.

The two floor building is located in a quiet residential neighborhood of Makedonitissa, within walking distance to the Avenue, which connects the University of Nicosia with the Nicosia Mall.

The building features a lobby, pin code access gates, a modern elevator and a photovoltaic system for communal electricity. CCTV and electric car ports is given as a provision.

There are four spacious apartments on each floor with 1 or 2 bedrooms and an open floor plan, large verandas and a thought-out interior design.

Each apartment is completed with smart video intercom, solar water heater, water pressure system and installed air condition units in all areas. The heating of all areas is by electric heating panels and is given as provision, with the option to upgrade to underfloor central heating for an extra cost.

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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

2 Bathrooms

80 sq.m.

+ VAT

2 Bedrooms

2 Bathrooms

80 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

IV quarter, 2027

80 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

IV quarter, 2027

80 sq.m.

+ VAT