+ 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%

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26615

1

Bedrooms

1

Bathrooms

48 sq.m.

Square

I quarter, 2023

Completion date

Parameters

Property Description

Its a mixed-use project, located in the heart of Larnaca city, an area considered to be the centre of activity, bustling with locals and tourists. A six-storey building. It's an existing building that will benefit from a complete refurbishment and it will include contemporary studios and apartments. A welcoming lobby will service the residents, while they can enjoy a small urban oasis in the spectacular landscaped roof garden. Its ideally located in the active and lively city centre of Larnaca. It is an area surrounded by a hive of activity, while picturesque squares, cafés, restaurants, retail shops and bars are in central focus, providing all the advantages the city offers. A building is just minutes from the renowned Finikoudes promenade and a few of Larnaca's Blue-Flag beaches. Features Mixed-use development: Six-storey building, Lobby, Shops on the ground floor, Contemporary and luxurious design (both interiors and exteriors) Bicycle parking area.

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

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26615

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 26615

Features

Indoor facilities

Veranda

Veranda

Outdoor features

Car park

Car park

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