€85,000
Residential Land , Palaiometocho, Nicosia
Land type
Field
Plot type
Agricultural
Features
Property description
Location • Situated in the tranquil and developing residential area of Palaiometocho, offering a peaceful village lifestyle just a short drive from Nicosia's city centre. • The property enjoys a quiet setting approximately 970 meters southwest of the village nucleus, ensuring privacy while remaining connected to the community. • Residents benefit from convenient access to local amenities, including traditional tavernas, local shops, and essential services available within the village. • Excellent connectivity is assured with the main Palaiometocho–Meniko road located just 330 meters away, providing easy transit to neighbouring areas and the capital. • This location is perfectly suited for families and individuals seeking to build a home in a serene environment with a strong community feel. • The surrounding area is characterized by open spaces and residential developments, creating a pleasant and desirable suburban atmosphere for permanent living. External Features • This substantial residential field encompasses a generous total area of 2178 square meters, providing ample space for a large family home and extensive gardens. • The plot features a predominantly even land surface, which significantly simplifies the initial stages of foundation work and overall construction planning. • It benefits from direct frontage along its western boundary onto a registered road, ensuring legal and practical access for future development. • The irregular shape of the parcel presents a unique opportunity for creative architectural expression and innovative landscape design for a truly bespoke residence. • Positioned within a designated residential zone, the land is designated for the development of private housing, aligning with the character of the neighbourhood. Advantages - Special Features • An exceptional investment opportunity is presented with a high building density factor of 90% and a coverage allowance of 50%, permitting substantial development. • The property is accompanied by a separate and clean title deed, ensuring a secure and straightforward transfer of ownership for the new buyer. • Its significant size and favourable planning regulations make it an ideal choice for a developer or an individual looking to construct a spacious, custom-designed family villa. • The plot offers the potential for creating a private and self-contained estate with lush gardens, a swimming pool, and outdoor entertaining areas. • This offering represents a prime opportunity to acquire a significant parcel of land in a growing Nicosia suburb, promising strong potential for future capital appreciation.
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.
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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.