€ 255 000

€ 3 312 / 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. 46257

Bedrooms

Bathrooms

77 sq.m.

Square

Parameters

Property Description

This upcoming residential development presents a rare opportunity to secure a home in a location that combines tranquillity with strong investment potential. Set just 800 metres from the coastline, the project is positioned in an area gaining increasing attention due to the future marina development, making it an attractive choice for those looking to benefit from the growth of the local real estate market.

The development comprises one- and two-bedroom apartments designed for modern living. The penthouse residences feature spacious private roof gardens, offering an ideal setting for relaxation and open views. The project is planned for completion in 2026, providing a contemporary residential environment within easy reach of the beach and nearby amenities while maintaining a calm and residential atmosphere.

The interiors are organised around spacious open-plan kitchen, living and dining areas, complemented by fitted kitchens and built-in wardrobes. Two-bedroom apartments include en-suite bathrooms, while a guest WC adds extra convenience. Large double-glazed windows and veranda doors enhance natural light, and selected units benefit from two verandas. A video entrance system, provision for air conditioning and an elevator contribute to comfortable everyday living. Covered parking is available for residents, and a barbecue area creates an additional outdoor leisure space. Apartments on the top floor enjoy generous private roof gardens with sea views.

The main features of the project and the units:
• 1- and 2-bedroom apartments
• 800 m from the sea
• Peaceful residential location
• Close to local amenities
• Attractive investment opportunity
• Completion scheduled for 2026
• Covered parking
• Elevator
• Fitted kitchens
• Built-in wardrobes
• Spacious open-plan kitchen, living and dining area
• Provision for air conditioning
• Double-glazed windows and veranda doors
• Video entrance system
• Guest WC
• En-suite bathroom for 2-bedroom apartments
• Barbecue area
• Photovoltaic system
• Sea view
• Spacious roof gardens (Apartments 401 & 402)
• Two verandas (Apartments 201 & 202)

The project has an EPC certificate with “A” energy efficiency rating.

Features

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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

2 Bedrooms

2 Bathrooms

77 sq.m.

+ VAT

2 Bedrooms

77 sq.m.

+ VAT

Verified property

2 Bedrooms

77 sq.m.

2 Bedrooms

77 sq.m.

+ VAT