+ 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 Tseri, Nicosia, Cyprus No. 46424

2

Bedrooms

80 sq.m.

Square

Parameters

Property Description

This residential development is located in a calm neighbourhood of Tseri and offers modern two-bedroom apartments designed for comfortable everyday living. Each apartment features a private balcony, providing open views and a pleasant outdoor space to relax. The project is set in a tranquil environment while remaining within close reach of the centre of Tseri, ensuring convenient access to essential amenities and shops.

Constructed using contemporary building techniques, the apartments combine practical layouts with durable materials and carefully selected finishes. The design focuses on functionality, safety and modern standards, creating a balanced living experience in a peaceful residential setting.

The main features of the project and the units:
• Two-bedroom apartments
• Balconies for each apartment
• Seismic reinforced concrete building frame
• Roof with 8 cm insulation
• Thermal exterior walls (25 cm)
• Interior walls with emulsion paint
• uPVC or aluminium thermal windows
• Fireproof security entrance door
• Interior doors
• Custom-made kitchen
• Granite kitchen countertop
• Laminate wardrobes
• Ceramic flooring
• Ceramic wall tiles in bathrooms up to 2.2 m
• Kitchen backsplash
• Sanitary ware installed
• Independent plumbing system
• 200 L solar water heater
• Air conditioning provisions in all rooms
• Electrical installation according to approved plans
• Private storage rooms for apartments
• Covered parking with concrete surface
• Main building entrance with security code
• Parking entrance barrier with remote control

The project has an EPC certificate with “A” energy efficiency rating.

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 1 850

Price per sq.m.

-

Quality of Life Index

-

Cost of Living Index

Choose a city for comparison

Parameters

Tseri

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 550

Apartment (1 bedroom) Outside of Centre

€ 600

Apartment (3 bedrooms) in City Centre

€ 1 400

Apartment (3 bedrooms) Outside of Centre

€ 1 800

Buy Apartment Price

Price per square metre in the city centre

€ 1 850

Price per square metre outside the city centre

€ 2 020

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+ VAT

185 000

2 Bedrooms

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185 000

2 Bedrooms

2 Bathrooms

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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