345 000

Price history

€ 345 000

€ 344 000

€ 4 600 / 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%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 50408

2

Bedrooms

2

Bathrooms

75 sq.m.

Square

Parameters

Property Description

This residential development is located in the centre of Larnaca, within walking distance of Finikoudes Beach and the city’s main shopping district. It occupies a rare, unique location in the heart of the city, as there are very few new residential projects in Larnaca’s central area. Despite its central position, the building is situated in a quiet residential part, offering a perfect balance of convenience and privacy—ideal for both everyday living and investment purposes.

The project consists of a modern four-storey residential building with a total of eleven apartments. The residences are designed with a practical layout that maximises the use of space and provides comfortable interiors for daily living. Each apartment includes two bedrooms and two bathrooms, as well as spacious covered verandas that extend the living area outdoors.

The first three floors have identical layouts, with three apartments on each level. The fourth floor features apartments with large private terraces, providing additional outdoor space suitable for relaxation and social gatherings.

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

The location offers convenient access to key amenities and landmarks. Finikoudes Beach, shops and restaurants, schools, and other city facilities are all within a short walking distance, while Larnaca International Airport can be reached by car in approximately ten minutes.

The main features of the project and the units:
• 11 residential units
• Two-bedroom apartments
• Two bathrooms
• Large covered verandas
• Covered parking
• Private storage areas
• Identical layouts on the first, second and third floors
• Three apartments per floor (floors 1–3)
• Fourth-floor apartments with large private terraces
• Located in a unique 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.

Features

Storage room

Storage room

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

Similar Property

345 000

2 Bedrooms

75 sq.m.

+ VAT

345 000

2 Bedrooms

75 sq.m.

+ VAT

345 000

2 Bedrooms

75 sq.m.

+ VAT

Price history

€ 345 000

€ 344 000

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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