1 bedroom Apartment in Pyla, Larnaka, Cyprus No. 56576

Bedrooms

51 sq.m.

Square

€ 186 960

€ 3 666 / 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%

Parameters

Property Description

This holiday residential complex in Pyla, Larnaca, is set for completion this summer, offering a balance of modern living and a relaxed retreat. The development features a variety of 1- to 3-bedroom units, including garden apartments with private jacuzzis and a rooftop duplex. Each apartment is equipped with photovoltaic panels, making it the only residential project in Pyla with this sustainable energy solution. Residents can enjoy a large swimming pool and a secure gated community with solar-equipped covered parking.

Located just 5 minutes from the beach and key amenities, the project is also a short drive from the Dhekelia British Sovereign Base Area (10 min) and Larnaca International Airport (20 min). With Pyla experiencing rapid growth due to increasing property demand and foreign investment, this development presents a valuable opportunity for both residential and investment purposes.

The main features of the project and the units:

• Gated community with controlled access
• 1- to 3-bedroom apartments, including a rooftop duplex
• Garden apartments with private jacuzzis
• Photovoltaic panels in all units
• Large swimming pool
• Covered parking with solar panels
• Private pool & jacuzzi options in select units
• 5 min to the beach and local amenities
• 10 min to Dhekelia British Sovereign Base Area
• 20 min to Larnaca International Airport & Agia Napa

The project has an EPC certificate with “A” energy efficiency rating.