€ 150 000

€ 2 885 / 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 Oroklini, Larnaka, Cyprus No. 48114

Bedrooms

52 sq.m.

Square

Parameters

Property Description

This residential development is located in the Oroklini area of Larnaca and offers a compact collection of eight modern apartments designed for everyday comfort. The building includes four one-bedroom apartments, ideal for individuals or couples, and four two-bedroom units suitable for small families or those seeking additional space.

Each apartment features functional layouts, contemporary finishes, and access to private storage. Covered parking is available for all residents. The building is part of a gated complex and includes provisions for air conditioning, solar panels, and other modern systems.

The development is situated in a quiet residential area with convenient access to amenities, schools, public transport, and the nearby coastline. It presents a practical option for both permanent residence and holiday use, and may qualify for a reduced VAT rate for eligible first-time buyers.

The main features of the project and the units:

• 4 one-bedroom apartments
• 4 two-bedroom apartments
• Private storage for each apartment
• Covered parking
• Gated complex
• Elevator
• Provision for air conditioning and solar photovoltaic panels
• Open-plan kitchen and living area
• En suite shower in selected units
• Guest WC in two-bedroom units
• Double-glazed windows and thermal insulation
• Granite countertops and ceramic tile flooring
• High ceilings
• Quiet residential location
• Easy access to main roads and highway
• 200 m to amenities and public transport
• 500 m to schools
• 2 km to the sea
• Eligible for 5% VAT rate for first-time buyers (subject to approval)