+ 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. 49067

3

Bedrooms

125 sq.m.

Square

Parameters

Property Description

A modern residential development in Engomi featuring 2- and 3-bedroom apartments, including a ground-floor unit with a private garden. Located in a quiet neighborhood in Parissinos, the project offers convenient access to nearby amenities. The architectural design incorporates clean lines, a distinctive façade, and an open-plan layout that maximizes space and natural light. Spacious living areas, oversized verandas, and floor-to-ceiling windows create a seamless indoor-outdoor connection.

The apartments include high-quality European sanitary fittings, premium Italian kitchens by Pedini, and large bedroom windows for enhanced lighting. Buyers can customize interior finishes with expert guidance. The development is surrounded by green spaces and elegant residences, offering a well-balanced urban living experience.

Both apartments are fully finished and ready for immediate move-in, offering a rare opportunity for those who seek effortless luxury living without delays.

The main features of the project and the units:

• Ready for immediate move-in
• 2- and 3-bedroom apartments
• Ground-floor apartment with private garden
• Open-plan layout with spacious living areas
• Oversized verandas and floor-to-ceiling windows
• High-quality European sanitary fittings
• Premium Italian kitchens by Pedini
• Large bedroom windows for natural light
• Quiet neighborhood with nearby amenities

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 2 763

Price per sq.m.

154

Quality of Life Index

59

Cost of Living Index

Choose a city for comparison

Parameters

Nicosia

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

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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