€ 185 000

€ 2 189 / 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 Agios Georgios, Nicosia, Cyprus No. 49908

Bedrooms

Bathrooms

84.5 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

Located in the sought-after border-area neighborhood of Agios Pavlos, this new residential development is currently under construction and set to redefine contemporary urban living. The elegant four-storey building will offer a collection of stylish one- and two-bedroom apartments, thoughtfully designed with modern architecture, smart layouts, and high-quality finishes to meet the demands of today’s lifestyle.

Positioned in a prime and rapidly developing area of Nicosia, the project combines convenience, accessibility, and strong investment potential. As it is located within a designated border-area zone, it is also eligible for a government subsidy scheme — making it an exceptional opportunity for first-time buyers and investors alike to secure a modern home with added financial advantage.
Floor: 4th