+ 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. 46674

2

Bedrooms

71 sq.m.

Square

Parameters

Property Description

These apartments are located in the centre of Larnaca within a new residential complex, offering a convenient urban lifestyle close to everyday city infrastructure. The development is designed for comfortable modern living and suits both permanent residence and investment purposes.

The project provides residential units arranged within a contemporary complex, with practical layouts and essential facilities for city living. On-site parking adds convenience, making the apartments suitable for residents seeking a centrally located home in Larnaca.

The main features of the project and the units:
• Apartments in the centre of Larnaca
• New residential complex
• Urban location
• Suitable for residential use
• On-site parking

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

Features

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

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

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Features

Outdoor features

Car park

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