€ 240 000

€ 2 857 / 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 Strovolos, Nicosia, Cyprus No. 48930

Bedrooms

84 sq.m.

Square

Parameters

Property Description

This residential development is located in the heart of Strovolos and consists of three levels with a ground floor featuring covered parking and dedicated storage for all residents. The project includes eight apartments with floor-to-ceiling windows that maximize natural light. It offers 2-bedroom units and a 3-bedroom penthouse with spacious covered verandas and a private roof terrace overlooking the city.

Designed for modern living, the development features high-quality construction, energy-efficient systems, and contemporary amenities. It includes underfloor heating, thermal insulation, photovoltaic panels, and an access control system for enhanced security and comfort.

The main features of the project and the units:

• 2-bedroom apartments & 3-bedroom penthouse
• Covered parking & storage room
• Thermal insulation & thermal windows
• Heating/cooling systems
• Building entrance video system & access control
• Underfloor heating
• Individual pressured water systems
• Photovoltaic system installation
• Motorized window blinds

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