255 000

Price history

€ 255 000

€ 245 000

€ 3 188 / 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 Geri, Nicosia, Cyprus No. 47661

2

Bedrooms

2

Bathrooms

80 sq.m.

Square

Parameters

Property Description

A modern development of two blocks set within a serene neighbourhood, offering a blend of convenience and tranquillity. Sleek, contemporary architecture delivers both style and comfort. Positioned close to esteemed public and private universities, as well as busy shopping malls and major retail outlets, it suits residents and investors alike. Homes feature underfloor heating for year-round comfort. A strategic location near the highway ensures effortless travel to nearby cities, about 10 km from the city centre. The two blocks comprise 20 units in total, including studios and 1, 2 and 3-bedroom apartments.

The main features of the project and the units:

• Underfloor heating
• Close to public and private universities
• Near shopping malls and major retail outlets
• About 10 km from the city centre
• Easy highway access to nearby cities
• Use of alternative energy sources
• Two blocks, 20 units (studios, 1, 2 & 3 bedrooms)

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

Features

Storage room

Storage room

Car park

Car park

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80 sq.m.

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Price history

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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