€110,000
Residential Land , Palaiometocho, Nicosia
Land type
Field
Plot type
Agricultural
Features
Property description
Location • Situated in the developing community of Palaiometocho, offering a tranquil residential setting away from the bustle of the city center. • Located just a short drive from the heart of the community, ensuring convenient access to local shops, services, and traditional taverns. • Positioned approximately one kilometer from the local primary school, making it an ideal choice for families planning to build a home. • Enjoys a peaceful environment while benefiting from easy connections to the main road network for straightforward travel to Nicosia and beyond. • The area is characterized by open spaces and a growing residential appeal, presenting a prime opportunity to join a quiet and evolving neighborhood. Advantages - Special Features • This substantial residential field spans an impressive 3,668 square meters, providing ample space for a large private villa with extensive gardens. • Possesses a separate title deed, ensuring a clean and straightforward transfer of ownership for the new buyer, which simplifies the legal process. • The plot falls within a desirable residential planning zone, offering significant development potential for the construction of a generous family residence. • Represents an excellent investment opportunity for either personal development or future capital appreciation in a progressively popular Nicosia suburb. • Its proximity to an existing public road network suggests that obtaining a registered right of way can be a straightforward process for access.
Location
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Mortgage calculator
Estimate monthly payments, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Beta feature — indicative estimates only, not financial or legal advice.
Beta — mortgage estimates only
Mortgage calculator for this property
Estimate the loan, deposit, Land Registry fees, VAT treatment, and bank affordability checks for this listing.
Recommended max LTV: 80%. Cyprus banks commonly finance up to 80% of the property value for an owner-occupied primary residence.
Resale property selected. VAT is estimated at €0 and transfer fees may apply because VAT is generally not payable on resale properties.
First-time buyer status is informational only here; it does not change the payment, transfer fees, stamp duty, or mortgage registration estimate.
Reduced 5% VAT depends on a main-residence declaration, property size/value limits, and Tax Department eligibility.
Use only if the planning-permit and declaration deadlines apply.
- Transfer fees are estimated at 3%, 5%, 8% bands, then 50% reduced when VAT is not paid.
- Transfer fees are estimated from purchase price and VAT treatment only; buyer ownership status does not change them here.
- No transfer fee is estimated when VAT applies to the transaction under current Land Registry practice.
- Mortgage registration is estimated at 1% of the mortgage amount.
- Stamp duty is shown as €0 because stamp duty was abolished for agreements from 1 January 2026.
- ID/passport, proof of address, tax details, and source-of-funds evidence.
- Recent payslips, employment contract, accounts for self-employed buyers, and bank statements.
- Sales agreement, valuation, title deed or planning documents, insurance, and deposit proof.
- Ask the bank which first-home products and documents apply.
Estimates are indicative only and do not constitute financial advice or a lending offer. Actual lending decisions, fees, VAT treatment, and affordability assessments depend on the individual bank, the Tax Department, the Department of Lands and Surveys, and the buyer's personal circumstances.