€ 360 000

€ 3 529 / 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%

3 bedrooms Apartment in Larnaka, Cyprus No. 50516

Bedrooms

Bathrooms

102 sq.m.

Square

Parameters

Property Description

This exclusive new development of just seven luxury apartments offers a perfect balance of comfort, privacy, and modern living in a quiet residential area in the city suburbs of Larnaca. Ideally positioned near the famous Kamares Aqueduct, the project combines a peaceful setting with excellent accessibility to key destinations.

Each apartment is thoughtfully designed with spacious verandas that extend the living space outdoors, along with allocated covered parking and a private ground floor storage room for added convenience. The building also features elevator access, ensuring easy and comfortable living for residents.

The location offers close proximity to supermarkets, schools, entertainment options, and everyday amenities, including the popular Metropolis Mall of Larnaca. With quick and easy access to the town centre, beaches, major highway connections, and Larnaca International Airport, this development is ideally suited for both permanent residence and investment, offering a well-connected yet tranquil lifestyle.