€ 340 000

€ 4 533 / 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. 52887

Bedrooms

Bathrooms

75 sq.m.

Square

Parameters

Property Description

Introducing an exclusive new residential development in one of Larnaca’s most sought-after city-centre locations. This contemporary four-storey building comprises just 11 carefully designed two- and three-bedroom apartments, offering modern architecture, comfort, and everyday convenience.

Ideally positioned within walking distance of Finikoudes Beach and Ermou Street, the development enjoys the rare advantage of being close to Larnaca’s main shopping, dining, and entertainment areas, while also being set in a quiet residential part of the centre.

Each apartment has been thoughtfully designed with spacious interiors, generous covered verandas, covered parking, and private storage areas. Combining quality construction with a prime central location, these residences are an excellent choice for permanent living, holiday use, or investment, with strong appeal for both short- and long-term rentals.

* 7 minutes’ walk to Finikoudes Beach
* 5 minutes’ walk to shops, cafes, and restaurants
* 4 minutes’ walk to the nearest school
* 8 minutes’ walk to St Lazarus Church
* 10 minutes by car to Larnaca International Airport