2 bedrooms Apartment in Aradippou, Larnaka, Cyprus No. 53140

Bedrooms

80 sq.m.

Square

€ 205 000

€ 2 563 / 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

Located in a residential area of Larnaca, this new apartment development offers convenient access to local amenities, including schools, universities, and retail services. The project is situated just 2 km from Metropolis Mall and is well connected to key points in the city.

The building features 1- and 2-bedroom apartments, each designed to support practical living. All units include a private storage room and a designated parking space. Apartments on the third floor offer access to private roof gardens, providing additional outdoor space and panoramic views of the city.

The construction incorporates energy-efficient materials to support long-term sustainability and lower utility consumption.

The main features of the project and the units:

• Location: Larnaca, 2 km from Metropolis Mall
• 1- and 2-bedroom apartments
• Private storage room for each unit
• Designated parking space per apartment
• Energy-efficient building materials
• Third-floor apartments include private roof gardens with city views

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