€ 585 000

€ 4 379 / 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%

3 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 56216

Bedrooms

Bathrooms

133.6 sq.m.

Square

IV quarter, 2024

Completion date

Parameters

Property Description

Carefully combining comfort and modern design, ideally located in the heart of the city, this modern apartment building is positioned 1400m from Finikoudes promenade, and 400m from the Larnaca New Marina. Internal areas are 133.60 m2 located on the 5th floor. It is in short walking distance to numerous amenities such as food stores, bakeries, pharmacies, and close to gas stations, banks, and schools offering greater convenience to both families and singles. There are 5 apartments in each floor, and each has its own designated storage room, parking space, and covered veranda.