€ 225 000

€ 2 848 / 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. 43018

Bedrooms

79 sq.m.

Square

Parameters

Property Description

A small development of just 8 apartments with 1 or 2 bedrooms, located in Larnaca, Drosia area. The project is just 10 minutes away from the downtown and in 5 minutes drive to the mall. Each apartment will have covered verandas and the top floor apartments will enjoy their private roof gardens.

Each apartment will be allocated a storage room and a parking space.

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