+ 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. 26532

3

Bedrooms

4

Bathrooms

103 sq.m.

Square

Parameters

Property Description

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. This project is offering an apartment with 3BD and 4 WC on the 5th floor.  A Mackenzie is of the most important and popular areas in Larnaca full of restaurants, cafes, shops and well-known food. The 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 is ideal for short-term rental as it is strategically located near public amenities and next to the promenade in the well-developed area! The building has energy efficiency category A, which will significantly reduce energy costs in the future. Also, you can enjoy the partial sea view. 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

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26532

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26532

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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