€ 630 000

€ 4 286 / 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%

4 bedrooms Apartment in Nicosia, Cyprus No. 49120

Bedrooms

Bathrooms

147 sq.m.

Square

Parameters

Property Description

A new residential development, designed to combine comfort, functionality, and sustainability. Located in a prime area of Nicosia, the project offers easy access to key landmarks, including the Linear Park, the Presidential Palace, and major corporate headquarters, while being surrounded by restaurants, bars, and essential amenities.

The development features 14 spacious two, three, and four-bedroom apartments, each equipped with underground parking, private storage rooms, and energy-efficient systems such as solar panels and underfloor heating. Residents can enjoy shared spaces, including a children's playground, BBQ area, and a conference room, ensuring a seamless balance of work, leisure, and modern convenience.

The main features of the project and the units:

• Prime central location
• Spacious 2–4 bedroom apartments
• Underground parking and private storage rooms
• Solar panels and energy-efficient systems
• Children's playground and BBQ area
• Bookable conference room
• Proximity to key landmarks and amenities

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