+ 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%

3 bedrooms Bungalow in Larnaca, Larnaka, Cyprus No. 28874

3

Bedrooms

3

Bathrooms

158.2 sq.m.

Square

III quarter, 2023

Completion date

Parameters

Property Description

 The bungalow is excellently located in a quiet area on the Larnaca – Dekelia road, near the 5-star Golden Bay Hotel and only 471 m from one of the many Blue Flag sandy beaches that can be found here. The area also offers all the necessary amenities such as supermarkets, banks, pharmacies, and shops as well as easy access to the highway linking all major towns in Cyprus, making the Larnaca International Airport only a 15 drive away and only 25 minutes to the famous Ayia Napa and Protaras resorts. The quiet location away from the city hustle and bustle but at the same time offering all city living amenities only a 10-minute drive away, make these houses ideal as permanent residence and family living. The area is equally popular for vacations and summer holidays providing the option of renting out the property and thus ensuring to the prospective buyer a rental income. Free of the mortgage. Title deeds guaranteed. THe construction finished in August 2023

Features

Veranda

Veranda

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

3 bedrooms Bungalow in Larnaca, Larnaka, Cyprus No. 28874

3 bedrooms Bungalow in Larnaca, Larnaka, Cyprus No. 28874

Features

Indoor facilities

Veranda

Veranda

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