+ 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. 48426

2

Bedrooms

85 sq.m.

Square

Parameters

Property Description

Located between Mackenzie Beach and Saint Lazarus Church in Larnaca, this residential development offers direct access to both the coastal promenade and the historic city center. The project includes spacious apartments with a total area of 85 m², featuring two bedrooms, two bathrooms, and a guest toilet. Each unit provides open-plan living spaces and access to private balconies. Selected units also offer rooftop gardens, creating additional outdoor space in a central location.

The main features of the project and the units:

• Two-bedroom apartments
• Two bathrooms and one guest toilet
• Internal area: 85 m²
• Balconies
• Rooftop gardens in select units
• Located between Mackenzie and Saint Lazarus Church
• Walking distance to the beach and city center

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

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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