+ 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. 26570

2

Bedrooms

2

Bathrooms

78 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

It is a new residential project is located in VERGINA area in Larnaca with close proximity to METROPOLIS Mall. The project is a 3 storye Building which boasts SEVEN unique apartments various styles and number of Bedrooms all with spacious and contemporary living areas. First Floor is consisted of 2 ONE Bedroom Apartments and one Unique 2 Bedroom 2 Bathroom apartment. Moving to the Second and Third Floor there are ONLY two Residences ensuring optimum privacy for the Owners. Although third-floor Residences are benefited from private and luxurious roof gardens with amazing views of the Mountains and the beautiful Sunset. Each apartment comes with a private parking bay, and a storage room.its ideal location allows residents to feel secure in a quiet neighbourhood with direct proximity to essential amenities such as supermarkets, cinema, Larnaca General Hospital and the newly build Metropolis Mall. It gives also immediate access to the main highway connecting Larnaca airport and all major towns

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. 26570

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26570

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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