+ 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 Nicosia, Cyprus No. 49868

2

Bedrooms

75 sq.m.

Square

Parameters

Property Description

These spacious two-bedroom apartments are designed to offer a comfortable and practical living environment, complemented by generous balconies that extend the interior space outdoors. The residences are developed with modern construction methods, ensuring a high standard of build quality and a well-organised layout for everyday living.

Located in the rapidly developing central part of Nicosia, the project provides a convenient urban lifestyle with direct access to the highway for easy commuting. A wide range of amenities, including cafés, supermarkets, shops and schools, are situated just a few minutes away. The elevated position of the apartments allows for pleasant open views from the balconies, enhancing the sense of space and creating a calm residential atmosphere.

The main features of the project and the units:
• Two-bedroom apartments
• Spacious balconies with open views
• Seismic reinforced concrete building frame
• Roof with 8 cm insulation
• Thermal exterior walls
• uPVC/aluminium thermal windows
• Fireproof security entrance door
• Interior doors
• Custom kitchen
• Granite worktop
• Laminate wardrobes
• Ceramic flooring
• Fully finished bathrooms
• Kitchen backsplash
• Sanitary ware
• Independent plumbing system
• 200L solar water heater
• Provisions for air conditioning in all rooms
• Electrical installations based on approved plans
• Private storage rooms
• Covered parking

The project has an 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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75 sq.m.

+ VAT

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2 Bedrooms

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215 000

2 Bedrooms

75 sq.m.

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Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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