+ 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26316

3

Bedrooms

2

Bathrooms

98 sq.m.

Square

I quarter, 2021

Completion date

Parameters

Property Description

 An apartment for sale  with 3 BD  and  2 WC. The construction of the building has finished in 2021 year.This building Tower is a 7-floor luxury apartment building excellently located in Larnaca town centre in a quiet residential and historical area behind the American Academy school and close to amenities. The famous Finikoudes sea promenade is in a walking distance. Larnaca also hosts the main International Airport at a distance of 8.3 km. Three apartments are allocated to each floor, all of which consist of open plan living and kitchen area, 2 bedrooms (master with en-suite shower), main bathroom, and a covered veranda. The top-floor apartments located on the 6th floor enjoy individual access to their private roof garden on 7th floor hosting the 3rd bedroom, wc/shower room and barbeque area. These flats also benefit from solar panel net metering, offering the prospective buyer an extra financial incentive. Additional features: Hidden ceiling lighting feature in living area allocated parking and storage Audio & Video Door Entry System with remote control bar entry for tenants. high quality construction Smart home provision class A energy efficient south orientation of project providing light and airy units. The sectioned architectural design of tower allows independent positioning of the apartments on each floor, offering maximum privacy. A huge demand for rentals has been noticed in this area. An excellent investment opportunity that can create an income of 5% from yearly rentals and up to 9% for short term rentals. Title deeds guaranteed. Price +VAT Show flat available for viewing by appointment. LarnacaLocationLarnaca TownYear Built2021

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

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

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26316

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26316

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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