+ 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. 26591

2

Bedrooms

2

Bathrooms

57 sq.m.

Square

Parameters

Property Description

The project is located in the archaeological area of ancient Kition and overlooks the historic monument, raising up to 4 floors in this culturally sensitive area.The ancient city of Kition founded in the last centuries of the Late Bronze Age after the Trojan war and is now covered by the modern city of Larnaca.The location of the project provides the perfect balance of being in a modern metropolitan city while reviving the interesting history of the city which was enriched with different cultures over the years.The project is located next to the bustling Spyros Kyprianou Avenue in Larnaca. The residents benefit from the fact that all basic amenities such as supermarkets, banks, pharmacies, parks, telecommunications companies, schools and many more. The project is under 10 minutes to the nearest beach and 10 minutes away to the high way system that links to other cities. It is also 10 minutes away to the city centre, the Larnaca General Hospital and the Metropolis Mall Larnaca.The project consists of 4 floors with a total of 8 two-bedroom apartments.

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. 26591

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26591

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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