+ 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 Penthouse in Strovolos, Nicosia, Cyprus No. 47524

2

Bedrooms

81 sq.m.

Square

Parameters

Property Description

This residential project in Strovolos offers modern one- and two-bedroom apartments designed with elegant architecture and high-quality finishes. The development is located in a prime area close to key amenities, schools, shopping centers, and major roads, providing residents with both convenience and comfort. Each apartment features spacious layouts, large balconies, thermal bricks and windows, a photovoltaic system, a pressure water system, provision and installation for air-conditioning and central heating, as well as private underground parking and a storage room. Ideal for homeowners or investors, the project combines modern living with long-term value.

The main features of the project and the units:
•1- and 2-bedroom apartments
•Elegant and contemporary design
•Spacious layouts and large balconies
•Thermal bricks and thermal windows
•Photovoltaic system installation
•Provision and installation for A/C and central heating
•Pressure water system
•Private underground parking and storage room
•Located in Strovolos, Nicosia, near schools, shopping centers, and main roads

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

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 2 000

Price per sq.m.

-

Quality of Life Index

-

Cost of Living Index

Choose a city for comparison

Parameters

Strovolos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 600

Apartment (1 bedroom) Outside of Centre

€ 500

Apartment (3 bedrooms) in City Centre

€ 925

Apartment (3 bedrooms) Outside of Centre

€ 850

Buy Apartment Price

Price per square metre in the city centre

€ 2 000

Price per square metre outside the city centre

€ 2 000

Similar Property

260 000

2 Bedrooms

81 sq.m.

+ VAT

280 000

2 Bedrooms

81 sq.m.

+ VAT

285 000

2 Bedrooms

81 sq.m.

+ VAT

285 000

2 Bedrooms

81 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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