€ 1 145 000

€ 7 789 / 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 47937

Bedrooms

Bathrooms

147 sq.m.

Square

Parameters

Property Description

This residential development is located on Finikoudes Beach in Larnaka, offering views of the marina and port. The area is undergoing major redevelopment, with work on the marina scheduled to begin this year and the first phase expected to be completed within three to four years.

The project consists of 43 apartments. Each apartment is designed with high-quality finishes, including marble and solid parquet flooring, Italian kitchens and wardrobes, and a central air-conditioning and heating system.

Residents have access to various facilities, including a 24-hour concierge, a swimming pool, a fitness center, and a business suite. There is also a private underground parking area with two parking spaces allocated per apartment.

The main features of the project and the units:

• Location on Finikoudes Beach in Larnaka
• Views of the marina and port
• 43 apartments
• High-quality finishes: marble, parquet, Italian kitchens and wardrobes
• Central air-conditioning and heating system
• 24-hour concierge service
• Swimming pool and fitness center
• Business suite for residents
• Private underground parking with two spaces per apartment

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