2 bedrooms Apartment in Aradippou, Larnaka, Cyprus No. 51533

Bedrooms

77 sq.m.

Square

€ 250 000

€ 3 247 / 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%

Parameters

Property Description

This residential development is located in Aradippou, within the Larnaca area, in a well-established location close to everyday amenities. The setting offers convenient access to essential services while maintaining a comfortable residential environment.

The project consists of a two-storey apartment building with a total of 14 apartments. Each apartment is designed with practicality in mind and includes a toilet, provisions for split-type air conditioning units, and a solar water heating system.

Additional features include a video intercom system at the building entrance, covered parking, and a dedicated storage room for each unit.

The main features of the project and the units:
• Two-storey apartment building
• Total of 14 apartments
• Toilet in each apartment
• Provisions for split-type air conditioning units
• Solar water heating system
• Video intercom at the entrance
• Covered parking
• Private storage room
• Located close to amenities

The project has an EPC certificate with “A” energy efficiency rating.