€ 255 000

€ 3 188 / 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. 51702

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

The project is located in one of the quietest and most sought-after residential areas of Engomi, in the Makedonitissa area. The location is highly privileged as it combines the serenity of a neighborhood with immediate access to everything needed for daily life. It is situated very close to the University of Nicosia, making it a strategic choice for both private residency and investment, offering excellent connectivity to the city center and surrounding services.

This is an elegant boutique development of only 8 apartments, designed with an emphasis on privacy and functionality. The building stands out for its modern architectural character, clean lines, and the use of high-specification materials. The project’s philosophy focuses on creating a space that is not "overcrowded," offering residents a tasteful environment with beautifully landscaped outdoor areas, an impressive lobby, and a fully equipped gym on the ground floor, exclusively for residents.

Currently, there is only one final unit available: a two-bedroom apartment on the second floor, characterized by its seamless layout and abundant natural light. The property is Energy Efficiency Class A and is equipped with the latest technology. The price and equipment include:

Heating & Cooling: Full installation of underfloor heating with a heat pump and provisions for air conditioning (split units) in all areas.

Energy Autonomy: A private photovoltaic system for the apartment, ensuring minimal electricity costs.

Construction Quality: Thermal facade system throughout the building, thermally insulated aluminum frames, a solar water heater, and a pressurized water system.

Security & Comfort: Color video intercom system, secure controlled entrance to the complex, covered parking, and a storage room.

Interior Details: Suspended plasterboard ceilings in the kitchen and high-quality finishes and materials throughout.
Floor: 2nd