1 bedroom Apartment in Tseri, Nicosia, Cyprus No. 57107

Bedrooms

50 sq.m.

Square

€ 115 000

€ 2 300 / 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

This residential project is located in Tseri and consists of eight apartments — four one-bedroom, three two-bedroom, and one three-bedroom unit. Each apartment includes a storage room and a covered parking space in the garage. The two- and three-bedroom apartments have two bathrooms, while the one-bedroom units have one. All apartments feature open-plan living and dining areas with a kitchen and a large covered terrace. The two- and three-bedroom apartments are equipped with photovoltaic systems and underfloor heating with a heat pump. The penthouses offer private roof gardens with a barbecue bench.

The main features of the project and the units:

• Eight apartments
• Four 1-bedroom, three 2-bedroom, and one 3-bedroom unit
• Two- and three-bedroom apartments with two bathrooms
• One-bedroom apartments with one bathroom
• Open-plan living and dining areas
• Large covered terraces
• Storage rooms and covered parking spaces
• Photovoltaic system and underfloor heating with heat pump in two- and three-bedroom apartments
• Roof gardens with barbecue benches in penthouses

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

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

€ 550

Apartment (1 bedroom) Outside of Centre

€ 600

Apartment (3 bedrooms) in City Centre

€ 1 400

Apartment (3 bedrooms) Outside of Centre

€ 1 800

Buy Apartment Price

Price per square metre in the city centre

€ 1 850

Price per square metre outside the city centre

€ 2 020

1 Bedrooms

50 sq.m.

+ VAT

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