+ 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. 4955

2

Bedrooms

75 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: The new apartment complex, located 2 km from the sea, offers a choice of apartments with 2 and 3 bedrooms, ideal for the program of obtaining permanent residence under the accelerated PR Fast Track system.

The complex consists of 5 low-rise buildings, which will be surrounded by greenery. It is located in the developing prestigious area of Larnaca – Livadia, a few minutes drive from the new marina and port of Larnaca, the American University, developed infrastructure – shops, restaurants, banks, beaches, international airport.

• The internal usable area of a 2-bedroom apartment starts from 75 m2. from 200 thousand euros..
• The internal usable area of a 3-bedroom apartment starts from 100 m2. from 305 thousand euros..
• Parking spaces for each apartment
• Storage rooms for each apartment
• Complete turnkey finishing
• Built-in wardrobes in the bedrooms
• Built-in kitchen
• Air conditioners
• Equipped bathrooms
• Energy efficiency category B+

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

PS In the photos, the finished complex is the previous phase of this project! The offered apartments are under construction. Installment payment is possible until the end of construction.

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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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2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4955

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4955

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