€ 195 000

€ 2 566 / 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 Lakatamia, Nicosia, Cyprus No. 48565

Bedrooms

76 sq.m.

Square

Parameters

Property Description

This residential project is situated in a newly developed area of Lakatamia, within walking distance of Nicosia Mall. The location provides convenient urban access while remaining residential in character. The design prioritizes practical layouts, energy efficiency, and contemporary functionality.

The development includes two floors of apartments. The ground level features covered parking with infrastructure for electric vehicle charging, private storage rooms for each unit, a visitor reception area, a landscaped space, and ramp access for people with disabilities.

Each of the six apartments across the first and second floors offers two bedrooms and two bathrooms, with an open-plan layout that includes a living and dining area, a kitchen, a laundry zone, and a spacious covered veranda. Apartment 201 also includes private access to a roof garden. All units are designed with infrastructure in place for future photovoltaic panel installation.

The building is classified with an A energy efficiency rating, ensuring reduced utility costs and long-term sustainability.

The main features of the project and the units:

• Under construction
• Located in Lakatamia, near Nicosia Mall
• Two-bedroom, two-bathroom apartments
• Each unit includes a covered veranda
• Apartment 201 includes a private roof garden
• Covered parking space per apartment
• Private storage room per apartment
• Air conditioning (split-unit system) fully installed
• Photovoltaic panels for common areas
• Provisions for photovoltaic panels in each apartment
• Provision for electric vehicle charging in parking area
• High ceilings in all apartments
• Ramp and accessible entrance

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