+ 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 Latsia, Nicosia, Cyprus No. 52267

4

Bedrooms

2

Bathrooms

175 sq.m.

Square

Parameters

Property Description

The project is situated in one of Nicosia's most sought-after residential areas, in the Municipality of Latsia. The location offers a unique quality of life, combining the tranquility of a neighborhood with immediate access to all essential infrastructure. The area is considered highly privileged due to its close proximity to the Nicosia General Hospital, the Mall of Cyprus, and the University of Cyprus. Furthermore, its strategic position offers rapid access to the highway, facilitating easy travel to the capital's center and other cities across the island.

This is a modern residential development consisting of two elegant four-bedroom semi-detached houses. Their design focuses on functionality and luxury, offering spacious interiors, a private backyard, and comfortable verandas. Each residence features three bathrooms (a main bathroom, an en-suite in the master bedroom, and a guest WC), as well as two parking spaces, ensuring absolute comfort for a modern family.

The houses are constructed with high Energy Efficiency Category A specifications, ensuring low energy consumption.
The price of the residence includes:
- Heating and Energy: Full installation of underfloor heating (heat pump) and a fully operational 3KW independent photovoltaic system.
- Insulation and Construction: A thermal insulation system around the exterior of the house and high-quality thermal-insulated aluminum frames with double glazing.
- Water Systems: A 200-liter solar water heater with a 1,500-liter water tank and a fully installed water pressure system.
- Materials and Finishes: Granite countertops in the kitchen and bathrooms, an internal staircase finished in marble or granite, and high-quality ceramic flooring throughout.
- Technology and Security: Installed video intercom system (on the ground and upper floors), provisions for air conditioning (A/C) in all areas, provisions for electric shutters in the bedrooms, and provision for an electric vehicle (EV) charger.

Features

Close to shopping malls

Close to shopping malls

Near restaurants

Near restaurants

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

Tile flooring

Tile flooring

Similar Property

360 000

4 Bedrooms

175 sq.m.

+ VAT

715 000

4 Bedrooms

169 sq.m.

+ VAT

715 000

4 Bedrooms

169 sq.m.

+ VAT

1 300 000

4 Bedrooms

2 Bathrooms

1 Floor

IV quarter, 2005

183 sq.m.

4 bedrooms Townhouse in Latsia, Nicosia, Cyprus No. 52267

4 bedrooms Townhouse in Latsia, Nicosia, Cyprus No. 52267

Features

Location

Close to shopping malls

Close to shopping malls

Near restaurants

Near restaurants

Features

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

Tile flooring

Tile flooring

Floor heating in all rooms

Floor heating in all rooms

Indoor facilities

Individual boiler room

Individual boiler room

Outdoor features

Transport accessibility

Transport accessibility

Park

Park

Garden

Garden

Supermarket

Supermarket

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