€ 440 000

€ 5 366 / 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. 50964

Bedrooms

Bathrooms

82 sq.m.

Square

Parameters

Property Description

Discover a new four-storey residential development comprising just nine exclusive one and two-bedroom apartments, including three penthouses with private roof gardens. Designed for modern city living, this luxury project combines elegant architecture, comfort, and convenience, making it an excellent choice for both permanent residence and property investment.

Ideally located close to the city centre, the development is within walking distance of schools, supermarkets, shops, and the cinema, offering residents a lifestyle of ease in a peaceful yet highly convenient setting. Each apartment is thoughtfully designed to maximise natural light and attractive views, with large windows, contemporary interiors, and high-quality finishes throughout.

The project features an impressive entrance with distinctive architectural details, a video intercom system, and covered parking for all apartments, ensuring both style and security. In addition, photovoltaic technology has been incorporated to enhance energy efficiency, reduce running costs, and support a more environmentally friendly way of living.

Situated just 10 minutes from the famous Finikoudes promenade and Blue Flag beach, this development enjoys a prime location close to all key amenities. Metropolis Mall is only five minutes drive away, the highway is easily accessible, and Larnaca International Airport can be reached in just 15 minutes.

With its central location, modern design, and strong investment appeal, this development is an outstanding opportunity in the Larnaca property market.