+ 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 Aradippou, Larnaka, Cyprus No. 50276

1

Bedrooms

1

Bathrooms

50 sq.m.

Square

Parameters

Property Description

This contemporary residential development comprises a three-storey building with seven stylish apartments, including one- and two-bedroom units. The residences are designed with practical layouts that provide comfortable living spaces suitable for couples, small families, and professionals.

The building features modern architectural design combined with functional planning to support everyday convenience. Each apartment is equipped with a video intercom system, enhancing security and ease of communication within the building.

The location offers excellent connectivity and convenient access to key points of the city. Residents benefit from close proximity to the city centre, Metropolis Mall, Larnaca International Airport, Larnaca General Hospital, as well as nearby educational facilities including a primary school and kindergarten. The sea is also just a short drive away.

The main features of the project and the units:
• Three-storey residential building
• 7 apartments
• One- and two-bedroom apartments
• Modern architectural design
• Practical apartment layouts
• Video intercom system in each apartment
• Electric vehicle charging provision
• Electric heating
• Close to the city centre
• Near Metropolis Mall
• Quick access to Larnaca International Airport
• Near Larnaca General Hospital
• Close to a primary school and kindergarten
• Minutes from the sea

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

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