€ 253 800

€ 3 095 / 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%

2 bedrooms Penthouse in Strovolos, Nicosia, Cyprus No. 55254

Bedrooms

Bathrooms

82 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

This under construction 2 bedrooms Penthouse situated in a tree floors residential building, and located in a quiet residential neighbourhood of Nicosia. In a high demand area where offers easy access to all necessary amenities. All apartments, whether 2- or 3- bedroom units, are spacious and bright, with balconies/verandas on both north and south sides. It’s ideal for relaxed city living. Each unit has been carefully designed and expertly laid out to utilise every space available, offering comfort, harmony and functionality. This beautiful sophisticated building it’s an excellent opportunity both for investment, and as a home.