2 bedrooms Apartment in Nicosia, Cyprus No. 53089

Bedrooms

94 sq.m.

Square

€ 375 000

€ 3 989 / 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

A new residential development in a quiet area of Nicosia, offering fourteen apartments ranging from 60 to 156 square meters. The project is designed to provide both comfort and functionality, making it suitable for various lifestyles. Its location ensures easy access to key city spots, including parks and the University of Cyprus, making it a practical choice for students and families alike.

With a focus on long-term value, this development presents a strong investment opportunity with potential for property appreciation. Thoughtfully planned layouts maximize space and natural light, ensuring a comfortable living experience.

The main features of the project and the units:

• Fourteen apartments (60–156 sq.m.)
• Functional layouts with optimized space
• Proximity to the University of Cyprus and parks
• Ideal for both families and students
• Strong investment potential

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 719

Apartment (1 bedroom) Outside of Centre

€ 622

Apartment (3 bedrooms) in City Centre

€ 1 526

Apartment (3 bedrooms) Outside of Centre

€ 1 189

Buy Apartment Price

Price per square metre in the city centre

€ 2 763

Price per square metre outside the city centre

€ 2 042

Verified property

2 Bedrooms

2 Bathrooms

2 Floor

IV quarter, 2025

94 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

3 Floor

IV quarter, 2025

94 sq.m.

+ VAT

2 Bedrooms

94 sq.m.

+ VAT

Verified property

2 Bedrooms

2 Bathrooms

1 Floor

IV quarter, 2025

94 sq.m.

+ VAT