+ 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. 25381

2

Bedrooms

113 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

Next is the automatic translation: The new boutique apartment complex consists of 10 2-bedroom apartments: 2 apartments on each floor, penthouses with roof terraces on the upper floor. Excellent location in the heart of Larnaca, 4 minutes from the popular Ermou Street and 5 minutes from Finikoudes Beach.• Property type: apartments
• Number of bedrooms: 2
• Number of units: 2
• Area: 113 m2 (internal 88 m2 + 17 m2 covered terrace)
• Penthouses: 113 m2 (internal 88 m2 + 17 m2 covered terrace + 48 m2 roof terrace) 
• Installment payment for 2 years
• Due date 4th quarter 2025
• 4 minutes from Ermou Street
• 5 minutes from Finikoudes beach
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• The possibility of obtaining permanent residence

The cost ranges from 260 to 294 thousand euros for apartments and 350,000 euros for penthouses + VAT

More detailed information, planning, consultations, live screenings: whatsapp/viber/telegram

 

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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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113 sq.m.

+ VAT

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2 Bedrooms

113 sq.m.

+ VAT

876 000

2 Bedrooms

113 sq.m.

904 000

2 Bedrooms

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2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 25381

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 25381

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