1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 53078

Bedrooms

Bathrooms

51 sq.m.

Square

€ 170 000

€ 3 333 / 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 offers a selection of 22 thoughtfully planned apartments in a quiet neighborhood setting. Designed to meet a variety of living needs, the project includes one-, two-, and three-bedroom units, along with penthouses featuring a private roof garden. Each apartment includes a private storage room and access to shared amenities, including a common pool.

Located approximately 2 kilometers from the beach, the building is also within close reach of supermarkets, schools, pharmacies, and other key services. The area offers a calm and well-connected residential environment, suitable for both everyday life and long-term investment.

The main features of the project and the units:

• 22 apartments
• 1-, 2-, and 3-bedroom units
• Penthouses with private roof garden
• Storage room for each unit
• Shared swimming pool
• 2 kilometers from the beach
• Close to supermarkets, schools, pharmacies, and other amenities
• Located in a calm and established residential neighborhood

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