€ 1 320 000

€ 14 505 / 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%

2 bedrooms Apartment in Oroklini, Larnaka, Cyprus No. 40704

Bedrooms

91 sq.m.

Square

Parameters

Property Description

It is a visionary mixed-use development reshaping the future of Larnaka’s coastline. The project seamlessly integrates residential, commercial, hospitality, and leisure spaces - all just steps away from the Mediterranean Sea.

Spanning 350,000 sqm, the project is set to include the planting of over 20,000 trees, reinforcing its strong commitment to sustainability.

The community features:

• Modern residential buildings with a full range of amenities
• Vibrant business hubs and flexible co-working spaces
• A premium 5-star hotel with integrated conference facilities
• Lively retail promenades, cafés, restaurants, plazas, and event areas.

Located along Larnaka’s Dhekelia coastal road, this complex enjoys a prime seafront position that offers both connectivity and tranquility.

The Project has EPC certificate with "B" Energy Efficiency Rating.