+ 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 Livadia, Larnaka, Cyprus No. 48208

1

Bedrooms

1

Bathrooms

51 sq.m.

Square

Parameters

Property Description

This residential project consists of two low-rise buildings, offering a total of 27 apartments with layouts designed to meet the needs of modern urban living. The development is structured to support long-term comfort and energy efficiency, making it suitable for both permanent residence and rental investment.

Building A includes 13 apartments — two of which are two-bedroom units, while the remaining eleven are one-bedroom apartments. Building B is composed entirely of 14 one-bedroom apartments. Each unit is designed with practical living in mind, incorporating open-plan layouts that maximize interior space.

The buildings are only two stories high, contributing to a low-density atmosphere, and the project’s location supports convenient access to key amenities and transport links. With layouts focused on functionality and efficient use of space, this development offers potential for strong rental returns.

The main features of the project and the units:

• Two residential buildings
• Total of 27 units
• 2 two-bedroom apartments
• 25 one-bedroom apartments
• Low-rise design (two floors)
• Open-plan interior layouts
• Energy-efficient construction
• Investment-friendly configuration
• Located in a high-demand rental area

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

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