€ 221 000

€ 2 255 / 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. 48345

Bedrooms

98 sq.m.

Square

Parameters

Property Description

Located in Agios Pavlos/Agios Dometios, Nicosia, this residential project offers a small-scale apartment building with thoughtfully planned layouts. The three-story development includes a total of seven three-bedroom apartments. On the ground floor, there is one unit with an expansive uncovered veranda, while each of the upper floors consists of two apartments.

All units are designed with open-plan kitchens and are delivered unfurnished, allowing future residents to personalize their interiors. Each apartment is equipped with provisions for a 2.75 kW photovoltaic system, aimed at improving energy efficiency and reducing long-term electricity costs.

Additional features include covered verandas, private storage rooms, and allocated parking spaces. The building also includes an elevator for convenient access to all levels. The project is certified with an Energy Efficiency Grade “A.”

The main features of the project and the units:

• Three-story building with 7 three-bedroom apartments
• One ground-floor apartment with a large uncovered veranda
• Two apartments per upper floor
• Provisions for 2.75 kW photovoltaic system in each unit
• Open-plan kitchen layout
• Unfurnished units
• One parking space per apartment
• Private storage room for each apartment
• Covered verandas
• Elevator

Energy Efficiency Grade: A

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 719

Apartment (1 bedroom) Outside of Centre

€ 622

Apartment (3 bedrooms) in City Centre

€ 1 526

Apartment (3 bedrooms) Outside of Centre

€ 1 189

Buy Apartment Price

Price per square metre in the city centre

€ 2 763

Price per square metre outside the city centre

€ 2 042

3 Bedrooms

2 Bathrooms

98 sq.m.

+ VAT

3 Bedrooms

98 sq.m.

+ VAT

3 Bedrooms

98 sq.m.

+ VAT

3 Bedrooms

2 Bathrooms

98 sq.m.

+ VAT