€ 280 000

€ 5 600 / 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%

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 46515

Bedrooms

50 sq.m.

Square

Parameters

Property Description

Class A+++ Prime Investment area – Super Luxury Smart Apartments. 1- & 2-bedroom apartments available – Area of Land of Tomorrow

This residential development is located in the Area of Land of Tomorrow, near Larnaca's sea port, part of the new development zone of Larnaca. The project consists of 16 luxury high-end apartments designed to meet modern living requirements and strong market demand. Penthouses enjoy sea views, while the overall location provides close proximity to the coastline, the city centre, educational institutions, and everyday amenities. The development is positioned to support both capital growth potential and attractive rental opportunities, complemented by advanced residential specifications and smart home solutions.

The main features of the project and the units:
• 16 luxury high-end apartments
• Located in the Area of Land of Tomorrow, near Larnaca's sea port
• New development area of Larnaca
• Penthouses with sea views
• 500 metres from the sea
• Close to the city centre and all amenities
• Close to the New American University and educational institutions

Upgraded Technical Specification included in the price:

• Smart control system “aligned” for use as “provisions” for the below

• • Lights & Dimmer Switches
• Smart TV
• Music Surround System
• Electric Blinds
• Shutter Rolex Blinds
• Oven & Hob
• Air Condition Units

• Photovoltaic System for Penthouses and Villas
• Modern branded Wall-Hung Toilet System
• Concealed ITALIAN Shower and ITALIAN Mixer System
• Under Floor Heating in all bathrooms
• Heated Towell Rails
• RO Water Filter System
• Water Softening System
• Made to measure Mosquito Nets
• Digital Intercom System for each unit
• Digital Smart-Tech Operated Thermostat in all apartments to show and control hot water temperature
• Gypsum Board and Spotlights included above the kitchen units
• Water Pressure System
• Hot Water Return Pump that disperses hot water immediately
• Fiber Optic Internet connection upon delivery
• Provision for Electrical Car Charge

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

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

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 46516

1 Bedrooms

50 sq.m.

+ VAT

1 bedroom Apartment in Zakaki, Limassol, Cyprus No. 46783

1 Bedrooms

50 sq.m.

+ VAT

1 bedroom Apartment in Zakaki, Limassol, Cyprus No. 46785

1 Bedrooms

50 sq.m.

+ VAT

1 bedroom Apartment in Limassol, Cyprus No. 48976

1 Bedrooms

50 sq.m.

+ VAT