+ 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%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 25380

2

Bedrooms

119 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: 2-bedroom apartments in a new complex 400 m from the new marina and 500 m from the beach (there are 1-bedroom apartments from 70 m2 from 178 thousand euros) with the possibility of permanent residence, installment payment and excellent investment and rental potential:

• Property type: apartments
• Number of bedrooms: 2
• Number of units: 2
• The area of the 2-bedroom apartments is from 119 m2 (77 m2 internal + covered and outdoor terrace)
• Commissioning: 4th quarter 2025
• Installment payment for 2 years
• The possibility of obtaining permanent residence
• Rental potential
• Investment potential
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• The distance from the new yacht marina is 400 m
• Distance from the beach 500 m

The cost of a 2-bedroom apartment starts from 335 thousand euros + VAT

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Statistics

€ 3 329

Price per sq.m.

167

Quality of Life Index

54

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

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2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 25380

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 25380

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