+ 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. 26480

1

Bedrooms

1

Bathrooms

50.6 sq.m.

Square

II quarter, 2025

Completion date

Parameters

Property Description

This Absolutely astounding building will be developed on an advantageous plot located at the city center, advantageous of the best residential area of Larnaca just a short walk away from Downtown. Contemporary Design. The brilliant contemporary design takes advantage of the location and prominent settings and the South Orientation gives ample sunlight for all units. An apartment incorporating inspired interior design allowing residents to live life fully.This residence has been carefully designed by  architects, engineers and other consultants to maximize the living experience for its residents while standing as a beacon for Larnaca.Location  means being minutes from practically all of the best Larnaca has to offer:Downtown is just 900 meters away, the American Academy 500 meters away, the municipal theatre  and library 500 meters away and the cafes of Phinicoudes and Larnaca Marina just 1,4Km away. The upcoming Salina Park is only 400 meters away. Access to the main motorways to Limassol andNicosia is less than 5 minutes away.The apartments offer an amazing opportunity for a buy to let investment or for permanent staying.There is no doubt if you miss this opportunity, it may be a long time until you see anything quite like this again, be quick, register your interest immediately.The project is in the 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

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26480

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26480

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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