+ 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. 26599

2

Bedrooms

2

Bathrooms

81 sq.m.

Square

Parameters

Property Description

This is a new luxurious 3- floor building that will be another fabulous project in this area. Faneromeni is one of the most Elite & Prestigious areas in Larnaca! Faneromeni is known to offer its residents an affluent lifestyle where tranquillity and convenience are guaranteed. with a very adequate location near public services and just 2 minutes from Larnaca Salt Lake, where you could see the amazing flamingo in December. And 3 minutes from the splendid Patticheio Park! Only 5 mins by driving a car to the beach. In addition, 8 mins by driving a car to the airport. By the way, it's easy to find the centre of Larnaka, even on walking. This region is well developed and in 2023 was opened a new market in the centre of Larnaka. There are the freshest fruits, vegetables, and e.t.c.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

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26599

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 26599

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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