2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 52356

Bedrooms

Bathrooms

90 sq.m.

Square

€ 290 000

€ 3 222 / 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

Nestled in the tranquil Drosia neighbourhood of Larnaca, this modern residential development offers a collection of stylish Studio, One-Bedroom, and Two-Bedroom apartments across three blocks. Designed with contemporary living in mind, each home provides ergonomic comfort and functionality, making it an ideal choice for couples, families, and individuals seeking quality accommodation.

Every apartment includes one dedicated parking space and one storage room. The development emphasises spacious layouts that balance comfort with practical design, while using high-quality materials and advanced construction techniques to ensure durability and everyday convenience. Residents benefit from a prime yet quiet location with easy access to essential amenities such as Larnaca Airport, supermarkets, schools, and beaches.

The main features of the project and the units:

• Studio, 1-bedroom and 2-bedroom apartments
• One parking space and one storage room per apartment
• Spacious, thoughtfully designed layouts maximising comfort and functionality
• Reinforced concrete structure built to Eurocodes and Cyprus anti-seismic standards
• Thermo-insulated external walls and certified insulation system
• Thermo-insulated double-glazed aluminium windows and doors
• Solar water heating system
• Motion sensors and security access for enhanced safety

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