1 bedroom Apartment in Nicosia, Cyprus No. 58523

Bedrooms

50 sq.m.

Square

€ 128 000

€ 2 560 / 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 Panagias, Nicosia Municipality. It includes 10 apartments: four one-bedroom, two two-bedroom, and four three-bedroom units. Each apartment features a storage room and a covered parking space in the garage. One-bedroom apartments have a bathroom with a shower, while two- and three-bedroom apartments have two bathrooms, including a master bathroom with a shower. Apartments 302 and 402 also include a guest toilet. All apartments offer an open-plan living room, dining area, kitchen, and a large covered terrace. Three-bedroom penthouses include a private roof garden.

The main features of the project and the units:

• 10 apartments with 1, 2, and 3 bedrooms
• Storage rooms in all apartments
• Covered parking spaces in the garage
• 1-2 bathrooms per unit
• Open-plan living, dining, and kitchen areas
• Large covered terraces
• 3-bedroom penthouses with roof gardens
• 2 & 3 bedroom apartments with photovoltaic system and underfloor heating

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

€ 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

1 Bedrooms

50 sq.m.

+ VAT

1 Bedrooms

50 sq.m.

+ VAT

1 Bedrooms

50 sq.m.

+ VAT

Verified property

1 bedroom Apartment in Nicosia, Cyprus No. 56651

1 Bedrooms

1 Bathrooms

IV quarter, 2026

50 sq.m.

+ VAT