€ 520 000

€ 3 768 / 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 Nicosia, Cyprus No. 46244

Bedrooms

138 sq.m.

Square

Parameters

Property Description

This two-storey residential building is situated in one of the most attractive areas of Nicosia, providing quick access to the city centre. The project comprises four apartments designed to offer a comfortable and practical living environment.

Each apartment features thoughtfully arranged interiors, spacious bedrooms and large main and auxiliary verandas that enhance everyday functionality. The modern architectural concept is combined with high-quality construction and carefully selected materials to create residences suitable for contemporary living.

The units are fitted with large windows that maximise natural light, underfloor water heating with a heat pump and air conditioning in the bedrooms and living area. A photovoltaic net metering system is installed for each apartment as well as for the common areas, and a solar water heating system adds to the practicality of daily life. An interior designer provides a complimentary interior decoration service, while the kitchens and wardrobes are designed in an Italian style. High-quality ceramics and sanitary ware from recognised European manufacturers complete the interior specification.

Each apartment benefits from two covered parking spaces with provision for electric car charging and a private storage room.

The main features of the project and the units:
• Two-storey building with four apartments
• Comfortable interiors and spacious bedrooms
• Large main and auxiliary verandas
• Large windows
• Underfloor water heating with heat pump
• Air conditioning in bedrooms and living area
• Solar water heater
• Photovoltaic net metering system for each apartment and common areas
• Armoured security door with perimeter locking mechanism
• Italian kitchen and wardrobes
• High-quality ceramics and sanitary ware from European manufacturers
• Complimentary interior design service
• Two covered parking spaces for each apartment with provision for electric car charging
• Private storage room

The project has an 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

3 Bedrooms

2 Bathrooms

1 Floor

138 sq.m.

+ VAT

Verified property

3 Bedrooms

2 Bathrooms

138 sq.m.

+ VAT

3 Bedrooms

138 sq.m.

+ VAT

Verified property

3 Bedrooms

3 Bathrooms

138 sq.m.

+ VAT