Studio Apartment in Larnaca, Larnaka, Cyprus No. 53085

Studio

Bedrooms

35 sq.m.

Square

€ 150 000

€ 4 286 / 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 modern residential development in Larnaca consists of three floors with a total of 24 apartments, each featuring a spacious balcony. Residents will have access to a shared rooftop garden, a swimming pool, and a lounge area.

Each unit includes a private storage room and a designated parking space. The building is conveniently located near main roads, providing easy access to the city's key areas.

The main features of the project and the units:

• New residential complex with a shared rooftop garden
• Private storage room and parking for each apartment
• Located in Larnaca
• 3 floors, 24 apartments
• Balconies

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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

Studio

35 sq.m.

+ VAT

Studio

35 sq.m.

+ VAT

Studio

35 sq.m.

+ VAT

Studio

1 Bathrooms

35 sq.m.

+ VAT