+ 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. 49861

1

Bedrooms

50 sq.m.

Square

Parameters

Property Description

This residential development is located in the centre of Larnaca and is designed in accordance with contemporary construction standards, ensuring durability, functionality and a well-organised internal layout. The building is developed with a seismic reinforced concrete frame and carefully selected materials that support comfortable everyday living.

Each residence is planned with practical interiors and quality finishes, featuring a custom-designed kitchen, granite worktop and ceramic flooring. Thoughtful technical provisions, dedicated storage areas and covered parking contribute to an efficient and convenient residential environment in a central urban location.

The main features of the project and the units:
• Apartments in Larnaca city centre
• Seismic reinforced concrete building frame
• Roof with 8 cm insulation
• Thermal exterior walls
• Interior walls with emulsion paint
• uPVC/aluminium thermal windows
• Fireproof security entrance door
• Interior doors
• Custom kitchen
• Granite worktop
• Laminate wardrobes
• Ceramic flooring
• Bathroom wall finishes
• Kitchen backsplash
• Sanitary ware
• Independent plumbing system
• 200L solar water heater
• Provisions for air conditioning in all rooms
• Electrical installations based on approved plans
• Private storage rooms
• Covered parking with concrete

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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