€ 350 000

€ 4 667 / 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%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 54347

Bedrooms

Bathrooms

75 sq.m.

Square

Parameters

Property Description

Situated in a developing area, a prime area, the value is estimated to keep on rising of the accessibility and the surrounding amenities. Its big advantage as it is on the crossroad to Larnaca’s city centre and the highway that links major cities of the island. The apartment consists of two bedrooms, three bathrooms, a living room with an open-plan kitchen, and a covered veranda. It is inspired and designed with respect to the surrounding environment, with a modern at the same time elegant facade. Light installations are used to dress the building at night. Another key of this project is that a significant amount of energy is going to be used through renewable energy resources. The building provides an electric charger spot.