+ 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. 39650

2

Bedrooms

2

Bathrooms

84.6 sq.m.

Square

IV quarter, 2025

Completion date

Parameters

Property Description

The building is located in one of the most convenient and central spots in Larnaca, in the Drosia area. The location is excellent because everything you need is right next to you: supermarkets, schools, and shops are just a short walk away. Best of all, you are only a few minutes from the famous Phinikoudes beach, and the airport is very close by, making your travels incredibly easy. It is the perfect place if you want to live in a quiet neighborhood but still reach the city center in no time.

This is a modern 4-story building consisting of only 10 contemporary apartments, offering a quieter and more pleasant living experience. The design is simple and elegant, focusing on comfort and functionality without unnecessary details. The project stands out for its large, open-plan interiors and spacious verandas that fill every home with natural light, providing a beautiful outdoor space to enjoy your day.

The last remaining unit is a beautiful two-bedroom penthouse on the top floor, offering all the comforts of a modern home. It features two bathrooms, large verandas, and its own private roof garden for unique moments of relaxation. The price includes high-quality features designed to make your life easier:

Technology & Comfort: Installed water pressure system, solar water heater, and a color video intercom. There are also ready-made provisions for air conditioning in all rooms.

Construction Quality: The building is earthquake-resistant with excellent thermal and sound insulation (both in the walls and windows), ensuring low energy costs and total peace and quiet.

Extra Amenities: Your own covered parking space with an automatic entrance gate and a private storage room on the ground floor.
Floor: 4th

Features

Close to shopping malls

Close to shopping malls

Sea nearby

Sea nearby

Near restaurants

Near restaurants

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

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

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2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 39650

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 39650

Features

Location

Close to shopping malls

Close to shopping malls

Sea nearby

Sea nearby

Near restaurants

Near restaurants

Features

Thermal and sound insulation of walls

Thermal and sound insulation of walls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

Good quality

Good quality

Outdoor features

Transport accessibility

Transport accessibility

Supermarket

Supermarket

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