€ 280 000

€ 3 500 / 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. 50927

Bedrooms

Bathrooms

80 sq.m.

Square

Parameters

Property Description

An ambitious development project in Larnaca, Cyprus, aiming to transform the city's coastal area into a vibrant, sustainable urban space. Spearheaded by the Petrolina Group and designed by the renowned architectural firm Foster + Partners, the project focuses on revitalizing the former industrial zone along the Dekelia seafront, previously occupied by oil and gas facilities.

The project represents a significant investment in Larnaca's future, aiming to create a landmark development that seamlessly integrates with the city's heritage and natural environment. It is poised to become a catalyst for further revitalization, attracting tourism, fostering entrepreneurship, and enhancing the overall appeal of Larnaca as a premier destination in Cyprus.

Floor: 3rd