+ 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. 26519

2

Bedrooms

2

Bathrooms

82 sq.m.

Square

II quarter, 2024

Completion date

Parameters

Property Description

The luxury block comprises four floors. The highly distinctive and innovative building features a modern design that cleverly incorporates a perfect blend of visionary architecture and ultra-lux interiors for ultimate contemporary living.This amazing residence is situated near the supermarcket Sklavenidis, and near new and well developed and modern region New Marina, the largest New Marina in Cyprus which will provide a more hight quality of life in the location around. Close to the New American University, educational institutions and local amenities,an apartment has a sea view, just 1000 Meters to the beach  by walking or by driving a car 2 mins.A new mall of Cyprus Metropollis  is only 10 mins by driving a car.Also a project is situated close to Larnaca City Centre, just a few mins by car.Excellent rental opportunities with a high return on investment. The project is in the 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. 26519

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26519

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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