€ 230 000

€ 2 911 / 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%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 48365

Bedrooms

79 sq.m.

Square

Parameters

Property Description

This residential development offers a range of 1-, 2-, and 3-bedroom apartments in a well-positioned area of Larnaca, just off the main road and close to key amenities. Located near the McDonald’s area, the project is set in a quiet neighborhood with open views, providing a balance between privacy and accessibility.

Within walking distance, residents can find essential services such as the Alphamega superstore and Zorbas Bakery. The proximity to the airport and the beach—both reachable in approximately 10 minutes—makes the location ideal for both permanent living and rental investment.

The area is experiencing consistent demand for residential units, driven by convenience, accessibility, and lifestyle appeal, making this a solid option for buyers or investors.

The main features of the project and the units:

• 1-, 2-, and 3-bedroom apartments
• Quiet residential area with open views
• Walking distance to Alphamega and Zorbas Bakery
• Close to the main road and public transport
• 10 minutes to Larnaca International Airport and the beach
• High demand for rental and purchase in the area

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

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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

2 Bedrooms

79 sq.m.

+ VAT

2 Bedrooms

79 sq.m.

+ VAT

2 Bedrooms

79 sq.m.

+ VAT

2 Bedrooms

79 sq.m.

+ VAT