€ 285 000

€ 5 377 / sqm

+ 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. 50406

Bedrooms

Bathrooms

53 sq.m.

Square

Parameters

Property Description

This luxury residential development is located in the heart of Larnaca, offering a rare opportunity to own a modern apartment in the city’s most central and sought-after area. Just steps from Finikoudes Beach and Ermou Street, residents enjoy immediate access to Larnaca’s finest shops, restaurants, and vibrant city life, while the building itself is tucked along a quiet street, providing privacy and tranquility—a combination that is extremely rare for central Larnaca.

The development comprises eight luxury apartments with one or two bedrooms, designed to reflect contemporary Mediterranean living. Each unit features one or two bathrooms, spacious covered verandas, private storage areas, and covered parking, offering a comfortable and practical layout for everyday living.

PV solar energy is offered to the apartments which will cover a big chunk of the electricity bill.

The location provides excellent connectivity to key amenities and landmarks: Finikoudes Beach, shops, and restaurants are within a few minutes’ walk, while schools, St. Lazarus Church, and Larnaca International Airport are all easily accessible.

The main features of the project and the units:
• 8 residential units
• One- and two-bedroom apartments
• One or two bathrooms
• Covered verandas
• Covered parking
• Private storage areas
• Located in a rare central Larnaca location
• 7 minutes walk to Finikoudes Beach
• 5 minutes walk to shops and restaurants
• 4 minutes walk to the nearest school
• 8 minutes walk to St Lazarus Church
• 10 minutes by car to Larnaca International Airport

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