2 bedrooms Apartment in Aradippou, Larnaka, Cyprus No. 51534

Bedrooms

Bathrooms

81 sq.m.

Square

€ 240 000

€ 2 963 / 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

These two-bedroom apartments are located in Aradippou, within the Larnaca District, and form part of a three-storey residential building comprising a total of ten apartments. The low-density layout ensures a comfortable residential environment with a limited number of units.

Each apartment features an open-plan kitchen, dining, and living area designed for practical daily living. The layout includes two sanitary rooms, one of which is a private en-suite bathroom in the master bedroom, providing added convenience and privacy.

The apartments are designed with functionality in mind and include a solar water heating system, a dedicated storage room, and a covered parking space. Construction is planned using first-class materials to ensure durability and quality finishes throughout the building.

The main features of the project and the units:
• Two-bedroom apartments
• Three-storey building with 10 apartments in total
• Open-plan kitchen, dining and living area
• Two sanitary rooms including an en-suite bathroom
• Solar water heating system
• Private storage room
• Covered parking space
• Construction with first-class materials

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