€ 242 300

€ 2 634 / 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. 49373

Bedrooms

92 sq.m.

Square

Parameters

Property Description

This new development in a quiet Strovolos residential area offers relaxed city living. Located in a cul-de-sac away from traffic, it is close to shops, schools, petrol stations, hospitals, and supermarkets (LIDL, METRO, Sklavenitis). The location provides easy access to major roads and routes out of Nicosia.

Each unit is designed for maximum comfort and functionality, featuring spacious and bright 2- and 3-bedroom apartments with north and south balconies/verandas. All units include entrance lobbies and underfloor heating for uniform warmth in winter. High-quality materials and construction methods have been used throughout.

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