+ 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 Larnaca, Larnaka, Cyprus No. 48538

1

Bedrooms

1

Bathrooms

50 sq.m.

Square

Parameters

Property Description

Located in the center of Larnaca, this residential development includes 16 apartments designed for practical urban living. Positioned close to key amenities such as the American High School, supermarkets, and pharmacies, the project also offers easy access to the beach, just five minutes away on foot.

Each apartment features open-plan interiors that combine kitchen, dining, and living areas. Spacious verandas expand the living space outdoors. Apartments include private ground-floor parking and are equipped with built-in wardrobes, fitted kitchens, double-glazed windows, and ceramic tiled flooring.

The building incorporates a solar water heating system and rooftop photovoltaic panels, contributing to an energy efficiency rating of “A.” An intercom system is installed at the main entrance. 

The main features of the project and the units:

• Location: Central Larnaca
• 1-, 2-, and 3-bedroom apartments
• Total of 16 residential units
• Open-plan kitchen, living, and dining areas
• Spacious verandas
• Private parking space for each apartment
• Built-in wardrobes and fitted kitchens
• Double-glazed windows and veranda doors
• Ceramic floor tiles
• Solar water heating system
• Photovoltaic panels on the roof
• Intercom system at the main entrance

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

Features

Car park

Car park

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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Features

Outdoor features

Car park

Car park

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