+ 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. 26556

2

Bedrooms

2

Bathrooms

79 sq.m.

Square

I quarter, 2024

Completion date

Parameters

Property Description

A 2 BD apartment for sale.The apartments were all designed in a fashion that incorporates spatial analysis, the use of light, and the fitting of the project within the site context. As a result, all of the 8 units benefit from a park view. The spacious 2 bedroom apartment, is designed with couples and young families in mind, with large windows that allow in plenty of natural sunlight, and balconies that add outdoor space to entertain guests and the chance to enjoy the beautiful Cypriot weather.The fusion of its’ unique external detailing, architectural skills, decades of experience in residential development, and spatial design optimization translates into the art of good living.The refined outdoor space adds monetary value to this property as well as precious opportunities to encourage get-togethers, providing you with several functions according to the time of the day or the occasion.Located in the very exclusive and prestigious Saint George area in Larnaca overlooking the Green Park and the Larnaca Salt Lake.• In the preferential street of Kalampakas, Surrounded by private schools• Immediate access to highways to Nicosia, Limassol, Paphos and Ammochostos• Surrounded by luxury villas and elite residential projects• 3 mins to the Cineplex entertainment center• 4 mins to the General Hospital• 5 mins to the new Metropolis Mall• 7 mins to Finikoudes and Makenzi beach• 8 mins to the famous Larnaca Salt LakeThe 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

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26556

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26556

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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