+ 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%

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26422

1

Bedrooms

1

Bathrooms

52 sq.m.

Square

I quarter, 2025

Completion date

Parameters

Property Description

1 BD  apartment for sale.This is a new luxurious building, situated in Larnaka, at only 2 minutes from Mackenzie beach in one of the most prestigious and touristic areas in Larnaca, at a walking distance from restaurants and cafes. A Mackenzie is of the most important and popular area in Larnaca  full of restaurants, cafes, shops and well-known food. Most popular beach is awarded the Blue Flag. Easy access to the beach. Outdoor activities and water sports are available. A few minutes away from Larnaca International Airport.  The project will provide parking for each apartment,  1 water tank for each apartment, and solar and hot water system for each flat.The project is in the early stage of a construction

Features

Veranda

Veranda

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

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26422

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26422

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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