+ 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. 49884

3

Bedrooms

147 sq.m.

Square

Parameters

Property Description

Rising in the centre of the capital, this landmark development introduces a new standard of contemporary living and professional space. Designed as an architectural statement, the building combines striking modern design with carefully planned functionality, creating an environment that supports both residential comfort and business activity.

The penthouse level features an impressive rooftop swimming pool overlooking the city skyline, offering a unique setting for relaxation and social moments above the urban landscape. From a refreshing swim to enjoying the sunset with uninterrupted views, this elevated space delivers a truly memorable experience.

The project is defined by its prime central location, placing residents and professionals at the core of the city’s activity while maintaining a refined and exclusive atmosphere. Luxury apartments are complemented by high-end shared amenities, including a fully equipped gym and an elegant reception area that enhances the sense of arrival and daily convenience.

This development represents a forward-looking approach to modern urban lifestyle, where architecture, innovation and aesthetic quality come together to shape a distinctive place to live and work.

The main features of the project and the units:
• Strategic location in the heart of the capital
• Luxury apartments
• Panoramic city views
• Rooftop swimming pool in the penthouse
• Modern landmark architecture
• Suitable for residential and professional use
• High-end reception area
• Fully equipped gym

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

Features

Storage room

Storage room

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

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