+ 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 55032

3

Bedrooms

3

Bathrooms

106 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

Modern 3-Bedroom Apartment for Sale in Mackenzie, Larnaca
Located on the first floor of a brand-new development in the highly desirable Mackenzie area of Larnaca, this contemporary 3-bedroom apartment offers 106 sq.m. of well-designed living space, combining comfort, style, and an exceptional coastal location.
The apartment features 3 spacious bedrooms and 3 modern bathrooms, making it an excellent choice for families, permanent living, a holiday home, or a high-yield investment. Underfloor heating and air conditioning provide year-round comfort, while the thoughtfully designed layout maximizes both space and functionality.
Residents can enjoy a range of premium amenities, including a communal swimming pool, beautifully landscaped gardens, a private storage room, and an elevator serving all floors. The property also includes one secure underground parking space.
Ideally situated within walking distance of the sea and close to public transportation, the apartment enjoys lovely sea views and offers easy access to Mackenzie’s vibrant beachfront, restaurants, cafés, and all essential amenities.
For added security and peace of mind, the development is equipped with CCTV, security cameras, and a security alarm system.
This exceptional apartment offers a fantastic opportunity to own a modern home in one of Larnaca’s most sought-after seaside locations, combining an outstanding lifestyle with excellent investment potential.

Features

Sea view

Sea view

Alarm system

Alarm system

Floor heating in all rooms

Floor heating in all rooms

New development project

New development project

Elevator

Elevator

Garden

Garden

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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3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 55032

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 55032

Features

Location

Sea view

Sea view

Features

Alarm system

Alarm system

Floor heating in all rooms

Floor heating in all rooms

New development project

New development project

Indoor facilities

Elevator

Elevator

Outdoor features

Garden

Garden

Swimming pool

Swimming pool

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