€ 260 000

€ 3 386 / 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. 51237

Bedrooms

Bathrooms

76.79 sq.m.

Square

Parameters

Property Description

This contemporary residential development in the sought-after Krasa area of Larnaca brings modern living to life with thoughtfully designed apartments that combine comfort, style, and everyday practicality. Each residence is carefully planned to maximise space and natural light, creating bright, welcoming interiors that suit both homeowners and investors seeking high-quality property in a prime location.

Residents benefit from a range of lifestyle amenities designed to promote wellbeing and convenience, including a communal swimming pool, fully equipped gym, and sauna, offering the perfect balance between relaxation and an active lifestyle. The development also features covered parking spaces and private storage rooms for each apartment, ensuring both functionality and ease of living.

Built with sustainability in mind, the project achieves Energy Efficiency Category A, with photovoltaic systems installed to serve all common areas and the pool, helping to reduce energy costs while supporting environmentally conscious living. Direct access to the main motorway network allows for effortless travel across the island, making daily commuting simple and efficient.

Krasa is a well-located residential area of Larnaca that offers a practical balance between convenience and everyday living. It is within easy reach of Metropolis Mall, along with supermarkets, schools, and a variety of local amenities, while the beaches along Larnaca Bay are just a short drive away, making it a convenient choice for both permanent residence and investment.