€ 311 000

€ 3 575 / 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 Apartment in Nicosia, Cyprus No. 48228

Bedrooms

Bathrooms

87 sq.m.

Square

Parameters

Property Description

This residential development is situated in the well-connected neighborhood of Makedonitisa, offering easy access to the University of Nicosia, the Mall of Engomi, and central Nicosia. The building consists of three floors and includes a total of seven apartments — six with one or two bedrooms and one three-bedroom penthouse with a private rooftop garden and swimming pool.

The architectural design focuses on practical layouts that support comfortable urban living. Each unit incorporates smart home features and is equipped with high-quality finishes such as walnut flooring, ceramic tiling, and granite countertops. The spaces are tailored to offer both functionality and visual appeal.

Attention to energy efficiency and modern technology is reflected in features like underfloor heating, VRV air conditioning, home automation systems, and photovoltaic panels. All apartments come with covered parking and private storage areas, contributing to a convenient and organized daily routine.

The penthouse unit extends the living experience with added privacy, open-air leisure areas, and elevated views, offering a well-balanced combination of indoor comfort and outdoor space.

The main features of the project and the units:

• Located in Makedonitisa, Nicosia
• Seven apartments: one-, two-, and three-bedroom units
• Private rooftop garden and swimming pool (penthouse only)
• Underfloor heating and VRV air conditioning
• Smart home features with lighting and shade control
• Home automation and motorized blinds
• Burglar alarm and video door phone system
• Gas boiler and fireplace
• Photovoltaic panels
• Italian-designed kitchens
• Parquet flooring and ceramic tiles
• En-suite bathrooms and laundry rooms
• TV/SAT and LAN systems
• Covered parking spaces with EV chargers
• Private storage rooms

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