€ 270 000

€ 3 176 / 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. 48718

Bedrooms

Bathrooms

85 sq.m.

Square

Parameters

Property Description

Located in a quiet residential area near the General Hospital of Larnaca, this four-story development offers a selection of seven apartments, including six two-bedroom units and one three-bedroom unit. The project is designed with a focus on modern functionality, featuring ergonomic layouts and high-quality finishes throughout.

Each apartment has been planned to optimize interior space, incorporating materials such as marble and HPL surfaces. The surrounding environment includes a green area adjacent to a park, contributing to a calm and practical living experience. The location also ensures convenient access to everyday services and major road connections.

The property is situated just 2 minutes from Metropolis Mall, 10 minutes from Larnaca International Airport and the city center, 35 minutes from Nicosia, 40 minutes from Ayia Napa and Paralimni, and 45 minutes from Limassol. Supermarkets, bakeries, and schools are all located nearby, making it a suitable option for both long-term residents and investors.

The main features of the project and the units:

• Four-story residential building
• 7 apartments in total
• 6 two-bedroom apartments
• 1 three-bedroom apartment
• Ergonomic interior layouts
• Marble and HPL surface finishes
• Located near the General Hospital of Larnaca
• 2 minutes from Metropolis Mall
• 10 minutes from Larnaca Airport and city center
35 minutes from Nicosia
• 40 minutes from Ayia Napa and Paralimni
• 45 minutes from Limassol
• Green area next to a park
• Quiet residential neighborhood
• Easy access to highways and essential amenities

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