3 bedrooms Villa in Lakatamia, Nicosia, Cyprus No. 51971

Bedrooms

Bathrooms

150 sq.m.

Square

€ 289 500

€ 1 930 / 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%

Parameters

Property Description

Set in the heart of Lakatamia, in a quiet residential neighbourhood with direct access to the city, this two-storey development brings together architectural precision, quality construction, and considered aesthetics. The project comprises 12 independent residences across two floors, offering layouts of three and four bedrooms — designed with modern families in mind.

Each home is planned to deliver a warm, functional, and ergonomically sound living environment. Spacious living rooms flow into modern kitchens, while the bedrooms are proportioned for genuine comfort. Private outdoor areas extend the living space outward, creating a natural transition between the interior and the surroundings. Covered parking is included with every residence.

The neighbourhood combines a calm, residential atmosphere with excellent connectivity — schools, everyday services, and the main road arteries of Nicosia are all within easy reach.

The main features of the project and the units:

• 12 independent residences across 2 floors
• 3- and 4-bedroom layouts
• 2 bathrooms per residence
• Private outdoor areas
• Covered parking
• Reinforced concrete structure compliant with seismic standards
• PVC double-glazed windows and exterior doors (thermal series, energy class A)
• 8 cm exterior thermal insulation (polystyrene facade)
• Ceramic tile flooring in living areas and bathrooms; laminate or ceramic in bedrooms
• Granite kitchen countertops
• Solar water heating system with electric boiler backup
• 2 kW photovoltaic system
• AC provisions throughout
• Quiet residential area in Lakatamia, Nicosia
• Close to schools, services and main road arteries

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