€ 220 000

€ 2 651 / 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 Penthouse in Latsia, Nicosia, Cyprus No. 47540

Bedrooms

83 sq.m.

Square

Parameters

Property Description

This contemporary residential development in Latsia consists of two separate low-rise blocks, offering high-quality two- and three-bedroom apartments.

Conveniently located in one of Nicosia’s most dynamic suburbs, the project ensures excellent access to the highway, supermarkets, schools, and public services. Each apartment is designed with spacious interiors, covered verandas, and includes private parking and a storage room, combining functionality with modern living standards.

The main features of the project and the units:
•Two separate apartment blocks
•2- and 3-bedroom apartments
•Located in Latsia, Nicosia
•Modern low-rise design
•Spacious interiors and covered verandas
•Private parking and storage room
•Excellent access to the highway, supermarkets, schools, and public services

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