+ 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%

1 bedroom Apartment in Cape Town Lofts Strovolos, Nicosia, Cyprus No. 4564

1

Bedrooms

1

Bathrooms

45 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

From an exclusive area of Cyprus, Cape Town Lofts offers a beautifully designed development located in a serene area of Strovolos, Nicosia. Nicosia is known to be the central business hub and is one of the most vibrant cities in Cyprus. The prime location has direct access to the Limassol Nicosia highway and only minutes away from one of the most cosmopolitan city centers. This natural setting surrounds Cape Town Lofts with an urban environment set back from the busy city road, allows unprecedented peace and tranquility. The project consists of 32 units carefully designed to satisfy its residents with distinctive layouts and high standards of finish as well as provide ultimate comfort for a unique lifestyle.

Features

Veranda

Veranda

Statistics

€ 2 000

Price per sq.m.

-

Quality of Life Index

-

Cost of Living Index

Choose a city for comparison

Parameters

Strovolos

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 600

Apartment (1 bedroom) Outside of Centre

€ 500

Apartment (3 bedrooms) in City Centre

€ 925

Apartment (3 bedrooms) Outside of Centre

€ 850

Buy Apartment Price

Price per square metre in the city centre

€ 2 000

Price per square metre outside the city centre

€ 2 000

1 bedroom Apartment in Cape Town Lofts Strovolos, Nicosia, Cyprus No. 4564

1 bedroom Apartment in Cape Town Lofts Strovolos, Nicosia, Cyprus No. 4564

Features

Indoor facilities

Veranda

Veranda

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