€ 280 000

€ 2 667 / 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%

3 bedrooms Apartment in Nicosia, Cyprus No. 49888

Bedrooms

105 sq.m.

Square

Parameters

Property Description

Set in one of the most dynamic residential areas of the capital, this development offers contemporary apartments designed for comfortable everyday living and long-term value. The location provides immediate access to a wide range of urban conveniences, including educational institutions, shopping options and leisure facilities, making it an ideal choice for both families and investors.

Each residence is thoughtfully planned to deliver practicality and functionality, complemented by dedicated parking and private storage that enhance daily comfort and organisation. The project combines a modern living environment with the advantages of a well-connected neighbourhood, creating a balanced lifestyle close to everything essential.

These apartments present an excellent opportunity to secure a home or an investment in a rapidly developing area, where convenience and quality living come together.

The main features of the project and the units:
• Apartments in a thriving residential area
• Easy access to amenities, schools and entertainment venues
• Suitable for families and investors
• 1 parking space for each apartment
• 1 private storage space

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