+ 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4952

3

Bedrooms

114 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: 3 bedroom apartments in a new complex in the center of Larnaca from a reliable developer offering quality housing at reasonable prices – readiness of the complex – 2nd quarter of 2023.

The useful covered area of the 3-bedroom apartment is 95 m2. The total area is 114 m2. The cost starts from 210 thousand euros (depending on the floor).

• Number of bedrooms – 3
• Number of bathrooms – 2
• Living area – from 95 m2
• Covered veranda – 19 m2
• Closed area
• Delivery - May 2023
• Suitable for permanent residence under the PR Fast Track program
• Distance from the sea – 2.5 km
• City center
• Parking
• Storeroom
• Energy efficiency class A
• Built-in kitchen
• Built-in wardrobes in the bedrooms
• Equipped bathrooms
• City view
• Developed infrastructure: schools, banks, pharmacies, shops
• City center
• 5 minutes drive from the airport
• 5 minutes drive from Metropolis Mall
• Modern design

More detailed information about the availability of apartments, layouts, live screenings, consultations on the permanent residence program: whatsapp/viber/telegram

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Statistics

€ 3 329

Price per sq.m.

167

Quality of Life Index

54

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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3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4952

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4952

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