+ 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. 31775

2

Bedrooms

2

Bathrooms

80.6 sq.m.

Square

II quarter, 2026

Completion date

Parameters

Property Description

The luxury block comprises four floors. A project is offering A 2 BD  penthouse for sale with a large roof garden 30 sq.m..The highly distinctive and innovative building features a modern design that cleverly incorporates a perfect blend of visionary architecture and ultra-lux interiors for ultimate contemporary living.This amazing residence is situated near the supermarcket "Era".Also the project is situated near the  new and well developed and modern region New Marina, the largest New Marina in Cyprus which will provide a more hight quality of life in the location around. , just 1700 Meters to the beach  by walking or by driving a car 2 mins.A new mall of Cyprus Metropollis  is only 10 mins by driving a car. Also a project is situated close to Larnaca City Centre, just a few mins by car. Excellent rental opportunities with a high return on investment.Also in the area near the project you can find,  newly opened Radisson Blu Hotel. An abundance of amenities can be found, including supermarkets, bakeries, beauty salons and the first mall of Larnaca within a short driving distance. All apartments have spacious floor layouts and have been designed to allow abundant natural light to flood in and their own spacious private balcony, covered parking and a storage room at ground level. The pressurized water system, Double glazing, Store room, green area, covered parking, close to the airport, entry phone system, all these items  can be in your new home. The project is in the early stage of a construction

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

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 31775

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 31775

Features

Indoor facilities

Veranda

Veranda

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