Studio Apartment in Larnaca, Larnaka, Cyprus No. 53082

Studio

Bedrooms

37 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

This residential development in Larnaca consists of three floors with a total of 20 apartments, including studios, one-bedroom, and two-bedroom units. Each apartment comes with a private storage room. Penthouse units feature private rooftop gardens.

The building has an energy efficiency certificate A and includes designated parking for all residents. It is located in a well-connected area, offering convenient access to key city locations.

The main features of the project and the units:

• 3 floors, 20 apartments (studios, 1-bedroom, 2-bedroom)
• Private storage room for each unit
• Penthouses with rooftop gardens
• Designated parking

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

150 000

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1 Bathrooms

37 sq.m.

+ VAT

145 000

Studio

1 Bathrooms

37 sq.m.

+ VAT

155 000

Studio

1 Bathrooms

37 sq.m.

+ VAT

135 000

Studio

37 sq.m.

+ VAT

Features

Indoor facilities

Storage room

Storage room

Outdoor features

Car park

Car park

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