€ 435 000

€ 2 760 / 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%

4 bedrooms Townhouse in Geri, Nicosia, Cyprus No. 51837

Bedrooms

Bathrooms

157.6 sq.m.

Square

Parameters

Property Description

The project is situated in Geri, one of Nicosia’s most rapidly developing and sought-after residential suburbs. This prime location offers the perfect balance between the serenity of a quiet neighborhood and the convenience of urban living. It provides effortless access to the capital’s key landmarks, including the General Hospital, the Mall of Cyprus, and the University of Cyprus. Furthermore, its strategic position near the highway network ensures quick and easy commuting to other cities, making it an ideal choice for professionals and families alike.

This contemporary development is defined by its high-end architectural design and commitment to quality. The project consists of a limited number of independent residences, meticulously planned to ensure maximum privacy and functionality. With a focus on clean lines, expansive windows that invite natural light, and seamless integration with the surrounding green spaces, the development creates an environment of understated luxury and modern comfort for its residents.

The available Residence (A) stands out for its spacious layout and cutting-edge technical specifications. Built with an Energy Efficiency Rating of Category A, the home is designed for long-term sustainability and cost savings. The price includes a fully installed photovoltaic system, a video intercom system, and comprehensive provisions for air conditioning and electric heating. Also included are high-quality finishes—such as premium ceramics and sanitary ware—a water pressure system, and covered parking. This residence offers a "turnkey" feel, combining advanced technology with superior construction standards.