1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 53278

1

Bedrooms

1

Bathrooms

50 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 boutique residence is home to 11 spacious and refined apartments, designed and built to the highest standards of construction and interior finishing. The collection brings together a variety of layouts — one, two and three-bedroom apartments as well as a penthouse — so that buyers with different needs can each find a home that suits them perfectly.

Location is one of the development’s strongest assets. The building stands just 500 meters from the largest new marina in Cyprus and a short distance from the Larnaca port, putting the seafront and the city’s landmark waterfront regeneration within easy reach. The American University of Cyprus and the Balamand Medical School are only minutes away, along with the Larnaca Land of Tomorrow development — an address that appeals equally to residents, students and investors.

The currently available apartment is a one-bedroom home on the third floor, ready to move in. It offers 50 m² of bright interior space extended by a generous 19.8 m² covered veranda, and comes with its own storage area and a dedicated parking space.

The main features of the project and the units:

• 11 apartments: one, two and three-bedroom layouts and a penthouse
• Ready to move in
• 500 meters from the largest new marina in Cyprus
• Close to the Larnaca port and the seafront
• Minutes from the American University of Cyprus and the Balamand Medical School
• Near the Larnaca Land of Tomorrow development
• Available unit: one-bedroom apartment on the third floor
• Interior area: 50 m²
• Covered veranda: 19.8 m²
• Private storage area
• Dedicated parking space
• High calibre of construction and interior finishing

The project has an 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

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Features

Indoor facilities

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Outdoor features

Car park

Car park

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