+ 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. 26456

2

Bedrooms

3

Bathrooms

82 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

The project is located in the Vergina area, next to the Metropolis shopping centre. The project surprises with its uniqueness and luxury. Apartments with bathrooms, as well as a second kitchen / utility room located next to the main kitchen. This is a 2+1 apartment which means you can easily convert one of the verandas into a third room if you wish later. The apartments will be built with a bedroom and a bathroom, granite countertops, an Italian-design kitchen, storage room and covered parking. The location of project is located near nearby parks and bus stops. The distance to the Metropolis shopping centre is 10 minutes by walking. The project is at an early stage of 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

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26456

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26456

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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