+ 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%

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 54990

1

Bedrooms

1

Bathrooms

30 sq.m.

Square

IV quarter, 2027

Completion date

Parameters

Property Description

Modern Studio Apartment for Sale in Mackenzie, Larnaca
Discover this contemporary studio apartment on the 2nd floor in the highly sought-after Mackenzie area of Larnaca. Offering 30 m² of well-designed internal living space, this modern residence is currently under construction, making it an excellent opportunity for investors, first-time buyers, or those seeking a holiday home near the coast.
The studio features a bright and functional open-plan layout with one sleeping area and one modern bathroom, designed to maximize comfort and practicality.
Residents will benefit from a private storage room, elevator access, and air conditioning provisions. The property also includes CCTV surveillance, security cameras, and a security alarm system, providing enhanced security and peace of mind.
Ideally located close to public transportation and just a short walk from the sea, this apartment offers easy access to Mackenzie’s famous beach, restaurants, cafés, and all essential amenities, making it an attractive choice for both permanent living and rental investment.
Key Features
30 m² internal area
2nd floor studio apartment
1 sleeping area
1 modern bathroom
Under construction
Storage room
Elevator
Air conditioning provisions
CCTV surveillance
Security cameras
Security alarm system
Close to public transportation
Short distance from the sea
Located in the sought-after Mackenzie area
Delivery date due: 2027
This modern studio apartment combines a prime location, contemporary design, and quality specifications, making it an excellent investment opportunity or a stylish coastal residence in one of Larnaca’s most desirable neighborhoods.

Features

Alarm system

Alarm system

Elevator

Elevator

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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1 Bedrooms

1 Bathrooms

IV quarter, 2025

30 sq.m.

+ VAT

229 000

Studio

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+ VAT

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Studio

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1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 54990

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 54990

Features

Features

Alarm system

Alarm system

Indoor facilities

Elevator

Elevator

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