2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 54949

2

Bedrooms

2

Bathrooms

80 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 elegant new residential development is strategically positioned in a convenient location just a short distance from the heart of Larnaca — close to the city’s vibrant centre and within easy reach of everyday amenities, dining, shopping and transport links, with the sea only 2 km away and the airport 10 km away.

The boutique, low-rise building comprises 10 thoughtfully designed apartments spread across three levels: six spacious two-bedroom apartments, ideal for families, couples or as investment properties, and four stylish one-bedroom apartments, perfect for young professionals, singles or as holiday homes.

Each residence is designed to maximise natural light, comfort and efficient use of space, creating inviting homes that reflect a relaxed yet refined lifestyle. Open-plan interiors with a combined kitchen and dining area feature high ceilings, fitted wardrobes, granite countertops, double glazing, thermal insulation, tile flooring, a central TV system and provision for air conditioning, while front balconies open to city views. The building’s architecture blends seamlessly with its urban surroundings and offers residents an elevator, a gated complex, covered parking and solar photovoltaic panels.

This is an excellent opportunity for those seeking a contemporary home or a smart investment in one of Cyprus’s most desirable coastal cities.

The main features of the project and the units:

• 10 apartments on three levels in a boutique low-rise building
• 1- and 2-bedroom apartments
• Covered parking space for each apartment
• Elevator
• Gated complex
• Solar photovoltaic panels
• Provision for air conditioning
• Open-plan layout with combined kitchen and dining area
• High ceilings, fitted wardrobes, granite countertops
• Double glazing and thermal insulation
• City view
• Amenities — 300 m, public transport — 200 m
• Sea — 2 km, airport — 10 km

The project has an EPC certificate with "A+" energy efficiency rating.

Features

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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+ VAT

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Features

Outdoor features

Car park

Car park

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