€ 253 000

€ 2 410 / 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%

3 bedrooms Apartment in Nicosia, Cyprus No. 47699

Bedrooms

105 sq.m.

Square

Parameters

Property Description

This residential project is located in Panagias, Nicosia Municipality. It includes 10 apartments: four one-bedroom, two two-bedroom, and four three-bedroom units. Each apartment features a storage room and a covered parking space in the garage. One-bedroom apartments have a bathroom with a shower, while two- and three-bedroom apartments have two bathrooms, including a master bathroom with a shower. Apartments 302 and 402 also include a guest toilet. All apartments offer an open-plan living room, dining area, kitchen, and a large covered terrace. Three-bedroom penthouses include a private roof garden.

The main features of the project and the units:

• 10 apartments with 1, 2, and 3 bedrooms
• Storage rooms in all apartments
• Covered parking spaces in the garage
• 1-2 bathrooms per unit
• Open-plan living, dining, and kitchen areas
• Large covered terraces
• 3-bedroom penthouses with roof gardens
• 2 & 3 bedroom apartments with photovoltaic system and underfloor heating

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