+ 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 Villa in Lakatamia, Nicosia, Cyprus No. 48121

3

Bedrooms

3

Bathrooms

144 sq.m.

Square

Parameters

Property Description

This residential project is situated in Lakatamia, near the G.S.P. Stadium, in a recently developed and quiet area with convenient access to both the center of Nicosia and the highway—just a 3-minute drive away. The location offers a balance of suburban calm and urban connectivity.

The development includes six residences, each designed across two levels. Every home features three bedrooms and three bathrooms, including an ensuite in the master bedroom. All residences offer double parking and are designed with functional layouts to support comfortable everyday living.

Kitchens can be customized according to the buyer’s preferences. Standard features include a video intercom, alarm system, security cameras, and photovoltaic panels. Buyers also have the option to include additional systems such as underfloor water heating with a heat pump, concealed ceiling-mounted air conditioners on the ground floor, and split-unit air conditioners in all rooms.

All homes are built to meet Class A energy efficiency standards and support Net Metering. A 2-year warranty is provided by the developer.

The main features of the project and the units:

• Location: Lakatamia, near G.S.P. Stadium
• Residences: 6
• Floors: 2
• Bedrooms: 3 (master with ensuite)
• Bathrooms: 3
• Parking: 2 spaces per unit
• Kitchen: buyer’s choice
• Security: alarm system, video intercom, security cameras
• Photovoltaic panels: included
• Optional extras: underfloor heating with heat pump, ceiling AC units (ground floor), split-unit ACs (all rooms)
• Net Metering: supported
• Warranty: 2 years

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

Features

Car park

Car park

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+ VAT

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Features

Outdoor features

Car park

Car park

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