€ 1 850 000

€ 6 942 / 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%

5 bedrooms Villa in Latsia, Nicosia, Cyprus No. 51834

Bedrooms

Bathrooms

266.5 sq.m.

Square

Parameters

Property Description

The residence is situated in one of the most upscale and sought-after residential areas of Nicosia, in the GSP area of Latsia. The location is considered highly privileged as it combines the tranquility of a luxury neighborhood with immediate access to top-tier infrastructure, such as the Nicosia General Hospital and the Mall of Cyprus. Furthermore, its strategic position offers seamless and quick access to the highway leading to Larnaca and other cities.

This is an impressive residential development that redefines the concept of modern luxury. Designed with architectural excellence, the project is developed across two plots, offering large outdoor spaces and a sense of absolute freedom. The building stands out for its clean lines and minimal design, while holding an Energy Class A rating, incorporating top-of-the-line thermal and water insulation systems for maximum comfort and efficiency.

The villa features 5 bedrooms, offering a unique combination of functionality and prestige. The layout includes an open-plan kitchen and living area, while the internal organization ensures privacy, with an independent guest bedroom on the ground floor and the remaining bedrooms on the upper floor. The price and equipment include:

- Leisure & Outdoor Spaces: A private overflow swimming pool and a large yard with an exceptional outdoor layout.

- Energy & Heating: Full installation of underfloor central heating with a heat pump, an 8 KW photovoltaic system, and a solar water heater with a hot water return pump.

- Technology & Automation: Home Automation system (smart home), electric entry gates, an electric vehicle charging station, and provision for a home energy storage battery.

- Infrastructure: Three-phase electricity, a water pressure system, plasterboard ceilings throughout all areas, and full provision for air conditioning units.

- Utility Spaces: Two covered parking spaces and a private storage/boiler room.