1 bedroom Apartment in Nicosia, Cyprus No. 34308
ID34308
$ 651 571
Property description
Reference ID: #SA30448Price details: €618,600 +VATAn inspired evolution of an iconic piece of history, The project is a mixed-use destination where luxury living meets an internationally branded five-star hotel and monumental office space, delivering a quality lifestyle never seen before.Iconic heritage meets state-of-the-art architecture at two stunning new towers, offering the finest residences and modern offices. Together, this ultimate destination delivers a new way of living and working in the heart of Nicosia. All seamlessly complemented by outstanding amenities that form part of the transformation of Nicosia's first five-star hotel.The project benefits from a prime, highly sought-after location in the heart of the vibrant capital city, within walking distance from all amenities, the business district, key government buildings and many attractions.Covered area 67 sq.m.Covered veranda 19 sq.m.PLUS V.A.TReference number: SA30448
Property area: 86 m2
Type: Apartment
Parking: Covered
Condition: Brand new
Furnishing: Unfurnished
Included: Pool, Balcony
Air conditioning: Full, all rooms
Energy Efficiency: N/A
Bedrooms: 1
Square meter price: €7.193 /m2
Bathrooms: 1:
Condition: Brand new
Furnishing: Unfurnished
Included: Pool, Balcony
Air conditioning: Full, all rooms
Energy Efficiency: N/A
Bedrooms: 1
Square meter price: €7.193 /m2
Bathrooms: 1:
Nicosia - Statistics
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| Parameters | Nicosia |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 707.36 |
| Apartment (1 bedroom) Outside of Centre | $ 588.46 |
| Apartment (3 bedrooms) in City Centre | $ 1 391.95 |
| Apartment (3 bedrooms) Outside of Centre | $ 1 128.03 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 2 572.23 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 1 773.25 |
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| Parameters | Nicosia |
|---|---|
| Crime Index | 30.74 |
| Cost of Living and Rent Index | 35.52 |
| Purchasing Power Index | 84.45 |
| Property Price to Income Ratio | 6.86 |
| Safety Index | 69.26 |
| Traffic CO₂ Index | 4596.94 |
| Traffic Inefficiency Index | 117.15 |
| Rent Index | 18.37 |
| Health Care Index | 56.55 |
| Groceries Index | 49.32 |
| Pollution Index | 59.30 |
| Traffic Commute Time Index | 24.38 |
| Restaurant Price Index | 48.62 |
| Climate Index | 86.01 |
| Cost of Living Index | 49.31 |
| Quality of Life Index | 156.19 |
| Traffic Index | 107.94 |
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| Parameters | Nicosia |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 12.33 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 64.31 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 7.50 |
| Domestic Beer (0.5 liter draught) | $ 4.29 |
| Imported Beer (0.33 liter bottle) | $ 5.36 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.47 |
| Water (0.33 liter bottle) | $ 0.73 |
| Cappuccino (regular) | $ 3.48 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.95 |
| Loaf of Fresh White Bread (500g) | $ 1.85 |
| Eggs (regular) (12) | $ 3.68 |
| Local Cheese (1kg) | $ 13.07 |
| Water (1.5 liter bottle) | $ 0.86 |
| Bottle of Wine (Mid-Range) | $ 8.57 |
| Domestic Beer (0.5 liter bottle) | $ 1.64 |
| Imported Beer (0.33 liter bottle) | $ 2.98 |
| Cigarettes 20 Pack (Marlboro) | $ 5.36 |
| Apples (1kg) | $ 2.65 |
| Chicken Fillets (1kg) | $ 8.75 |
| Oranges (1kg) | $ 1.80 |
| Potato (1kg) | $ 1.20 |
| Lettuce (1 head) | $ 0.52 |
| Rice (white), (1kg) | $ 2.42 |
| Tomato (1kg) | $ 2.58 |
| Banana (1kg) | $ 1.95 |
| Onion (1kg) | $ 1.32 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.48 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.57 |
| Monthly Pass (Regular Price) | $ 53.59 |
| Gasoline (1 liter) | $ 1.49 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 28 348.13 |
| Taxi Start (Normal Tariff) | $ 3.75 |
| Taxi 1km (Normal Tariff) | $ 1.34 |
| Taxi 1hour Waiting (Normal Tariff) | $ 53.59 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 29 312.72 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 200.74 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 29.63 |
| $ 22.90 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 1 584.14 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.93 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 65.50 |
| Tennis Court Rent (1 Hour on Weekend) | $ 24.11 |
| Cinema, International Release, 1 Seat | $ 10.72 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 81.72 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 35.90 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 79.71 |
| 1 Pair of Men Leather Business Shoes | $ 101.82 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 423.35 |
| International Primary School, Yearly for 1 Child | $ 7 161.35 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
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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.