+ 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. 4957

2

Bedrooms

81 sq.m.

Square

Parameters

Property Description

Next is the automatic translation: The new five-storey building offers a choice of 2-bedroom apartments with an area of 81 m2 and a cost of 320 thousand euros and is located just 100 m from Ermou Street in the heart of Larnaca, 500 m from Finikoudes Beach and marina.These apartments are a great choice both for your own living and for renting. They are suitable for obtaining permanent residence under the accelerated PR Fast Track program.

The entire infrastructure is within walking distance. The building is just a few minutes' drive from the international airport and the American University. Nice sandy equipped beaches with a selection of cafes and restaurants within walking distance.

• The internal usable area of the 2-bedroom apartments starts from 81 m2 and starts from 320 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

Similar Property

320 000

2 Bedrooms

81 sq.m.

+ VAT

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2 Bedrooms

81 sq.m.

+ VAT

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2 Bedrooms

81 sq.m.

+ VAT

315 000

2 Bedrooms

81 sq.m.

+ VAT

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4957

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 4957

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