+ 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. 47555

1

Bedrooms

54 sq.m.

Square

Parameters

Property Description

Located in the heart of Larnaca, this residential building is set in a highly sought-after area with convenient access to city amenities and services. Just a few minutes from Finikoudes Beach, the project offers both comfort and practicality. The building consists of five floors and a rooftop, featuring seventeen well-designed apartments. It is situated in a quiet neighborhood and provides parking facilities for residents.

The main features of the project and the units:
•Prime location in the heart of Larnaca
•Few minutes from Finikoudes Beach
•Easy access to amenities and services
•Quiet neighborhood
•Five floors and a rooftop with 17 apartments
•Parking available

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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+ VAT

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Features

Outdoor features

Car park

Car park

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