+ 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. 26524

3

Bedrooms

3

Bathrooms

109 sq.m.

Square

III quarter, 2024

Completion date

Parameters

Property Description

Visit Larnaca, and the first thing you will notice – apart from the extended coastline – is its mixed and multicultural population. Different "languages" fill the air. Ethnic and speciality restaurants line the streets. Supermarkets stock foodstuffs from around the world. Department stores and boutiques offer you all your favourite brands and exclusive designer collections The building is a fresh and exclusive residential investment opportunity situated in a prime location in the centre of Larnaca. This fusion of luxury design apartments and surrounding natural beauty is in close proximity to many amenities, making it the ideal opportunity to invest in prime and futureproof real estate, with high resale and rental value. The development is characterized by its extravagant architectural design and its breathtaking panoramic views of the sea and the Salt Lake 8- storey building. This 3 bedrooms apartment is located on the seventh floor, the view from the window of this apartment will be on the sea.The apartment includes a spacious open-plan kitchen, living room & dining area, veranda, private car park, fitted kitchen, quality ceramic floor tiles, European sanitary, ware double glazed windows and veranda doors solar, heating system for hot water, main entrance with intercom system.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

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26524

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26524

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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