1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 53279

Bedrooms

Bathrooms

54 sq.m.

Square

€ 185 000

€ 3 426 / 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 one-bedroom apartment enjoys an outstanding location just 500 metres from the new marina of Larnaca and within walking distance of the sea. It is a five-minute walk from the American University of Cyprus and the Balamand Medical School, with the Land of Tomorrow development, schools, supermarkets and the beach all close by.

Part of a contemporary development of 31 refined apartments, this home is set on the third floor and offers a well-planned interior of 54.3 m², complemented by a spacious covered veranda of 12.5 m² for comfortable outdoor living. It also comes with a separate storage room and a private parking space.

The main features of the project and the units:

• One-bedroom apartment
• Internal area: 54.3 m²
• Covered veranda: 12.5 m²
• Third floor
• Separate storage room: 1.19 m²
• Private parking space
• Part of a development of 31 apartments
• 500 m from the new marina
• 5-minute walk to the American University of Cyprus and Balamand Medical School
• Close to schools, supermarkets and the beach
• Walking distance to the sea

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

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

1 Bedrooms

1 Bathrooms

54 sq.m.

+ VAT

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1 Bathrooms

54 sq.m.

+ VAT

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1 Bedrooms

2 Bathrooms

54 sq.m.

+ VAT

1 Bedrooms

1 Bathrooms

54 sq.m.

+ VAT