+ 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 Penthouse in Nicosia, Cyprus No. 49069

3

Bedrooms

2

Bathrooms

134 sq.m.

Square

Parameters

Property Description

A modern residential development in Engomi featuring two- and three-bedroom apartments designed with minimalist aesthetics and functional layouts. The project integrates contemporary architecture with Japanese-inspired elements, creating a balanced living environment. Located in a prime area, it offers easy access to dining, shopping, and cultural attractions. The spacious interiors are designed to maximize natural light, with high ceilings and open-concept living areas.

Each unit is equipped with high-quality finishes, underfloor heating, central air-conditioning, and electrical external blinds. The kitchens are custom-designed by Italian brand Pedini, ensuring both style and functionality. Landscaped Zen gardens add a sense of tranquility to the development, providing a peaceful retreat within the city.

The main features of the project and the units:

• Two- and three-bedroom apartments
• Contemporary architecture with Japanese-inspired design
• High ceilings and open-plan layouts
• Underfloor heating and central air-conditioning
• Electrical external blinds
• Bespoke Italian kitchens by Pedini
• Landscaped Zen gardens
• Prime location with access to dining, shopping, and cultural sites

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

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