Studio Apartment in Larnaca, Larnaka, Cyprus No. 52742

Studio

Bedrooms

35 sq.m.

Square

+ 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

The development is located in a residential area of Larnaca, in close proximity to supermarkets, pharmacies, bakeries, banks and restaurants. The beach and tourist area of Phinikoudes and Makenzie are also nearby as well as the local schools.

Other features:

• Double layer low-e glass aluminum doors and windows
• 33cm wall thickness
• High quality kitchen countertops
• Italian style high quality wardrobes, kitchen cabinets and bathroom cabinets
• Spanish high quality ceramic tiles.

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Storage room

Storage room

Car park

Car park

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

Similar Property

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Studio

35 sq.m.

+ VAT

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Studio

1 Bathrooms

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+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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