€75,000
Residential Land , Palaiometocho, Nicosia
Land type
Field
Plot type
Agricultural
Features
Property description
Location • Situated in the tranquil and developing community of Palaiometocho, this property offers a peaceful residential setting away from the bustle of the city center. • Enjoying a convenient position approximately 1.3 kilometers from the heart of the community, the plot provides easy access to local shops, services, and traditional taverns. • The location ensures excellent connectivity to the capital, positioned just 75 meters from the main Georgios Grivas Digenis Avenue for straightforward commuting. • This area is characterized by its quiet suburban atmosphere, making it a highly desirable choice for families and individuals seeking a more relaxed pace of life. • Future residents will benefit from residing in a growing neighbourhood that successfully balances serene country living with convenient access to all of Nicosia's urban amenities. External Features • This substantial 670 square meter residential field presents a generous canvas for constructing a bespoke family home with ample outdoor space. • The plot features a practical rectangular shape and an even ground surface, which significantly simplifies the design and construction process for your future residence. • Surrounded by open space, the property affords a sense of openness and potential for creating beautifully landscaped gardens and private recreational areas. • Current access is provided via an unregistered road, offering a secluded and private approach to the site while development in the area continues. • Its advantageous layout allows for creative architectural planning, ensuring you can design a home that perfectly captures your vision and lifestyle requirements. Advantages - Special Features • A clear and separate title deed is available for the property, ensuring a secure and straightforward transfer of ownership for the new buyer. • The asset falls within the residential planning zone H3, which is highly sought after for private home development in suburban Nicosia. • With a building density factor of 60%, the plot permits the construction of a spacious residence, offering significant flexibility for architectural design. • The designated building coverage of 35% allows for a substantial footprint, providing the perfect opportunity to build a comfortable single-level or multi-storey home. • This plot represents an exceptional investment for those looking to custom-build their dream home in a peaceful, family-friendly community with strong potential for future growth.
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.