€ 380 000

€ 3 838 / 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 Larnaca, Larnaka, Cyprus No. 41748

Bedrooms

99 sq.m.

Square

Parameters

Property Description

This new residential development is located in a very good area in Larnaca with supermarkets, pharmacies, bakeries, banks and restaurants nearby. Also, very close to the beach and tourist area of Phinikoudes and Makenzie; local schools are within a very short distance.

Other features:

• Double layer low-e glass aluminum doors and windows
• 33cm wall thickness
• High quality kitchen countertops
• Italian style high quality wardrobes, kitchen cabinets and bathroom cabinets
• Spanish high quality ceramic tiles.

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