+ 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 Acropolis, Strovolos, Nicosia, Cyprus No. 47667

3

Bedrooms

99 sq.m.

Square

Parameters

Property Description

This modern three-storey residential building is located in one of the most desirable areas of Nicosia, directly opposite Acropolis Park. The project features spacious apartments with functional layouts and high-quality finishes. The available 3-bedroom apartment is fully completed and ready to move in. It includes two bathrooms, a large covered veranda overlooking the park, a covered parking space, and a storage room in the basement. The kitchen is equipped with BOSCH appliances, and heating panels from MILL can be controlled via mobile phone through Wi-Fi.

The main features of the project and the units:

• Three-storey residential building
• 3-bedroom apartment ready to move in
• 120 sqm total area (100 sqm internal)
• Two bathrooms with water pressure and towel heating systems
• Large 19 sqm covered veranda facing Acropolis Park
• Fully equipped kitchen with BOSCH appliances
• Heating panels from MILL with Wi-Fi control
• Covered parking space and basement storage room
• Located opposite Acropolis Park in a quiet residential area

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

Features

Storage room

Storage room

Car park

Car park

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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