€ 170 000

€ 3 091 / sqm

+ 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. 34046

Bedrooms

Bathrooms

55 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

ID

34046
City

Cyprus
Type

Apartment
Status

Off-plan
Veranda type

Open
Access

Private
Bedrooms

1
Floor

1
Total floors

8

Bathrooms

1
Square

55 sq.m.
Veranda area

14 sq.m.
To sea

850 m
To city center

2.7 km
To airport

7.9 km
Completion date

IV quarter, 2026
Completed

No

Property Description

Property in Larnaca has a stable price increase, making it an attractive investment opportunity. The city's stable development, growing tourist flow and high demand for rental housing make buying an apartment here a profitable investment.

There are two more similar apartments on the second floor.

Each apartment will have a parking space and a storage room on the ground floor.