+ 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. 56662

1

Bedrooms

1

Bathrooms

50 sq.m.

Square

IV quarter, 2026

Completion date

Parameters

Property Description

The project includes:

- Nine luxurious, spacious, and functional apartments with large terraces that combine exceptional aesthetics and luxury.
Six two-bedroom apartments (the two on the third floor feature a roof garden) and three one-bedroom apartments.

- A ground floor featuring a very comfortable and beautiful lobby with two main entrances, a playground, and parking spaces.

- Basement featuring spacious covered parking spaces, with sufficiently large and comfortable storage units for each apartment. In addition to
the covered parking spaces assigned to each apartment, the building has four additional parking spaces.
Two are designated for people with disabilities, and the other two are available for sale. It also has two additional large storage units available for sale.

The project is currently under construction and is scheduled for completion in June 2026.
Floor: 1st

Features

Close to shopping malls

Close to shopping malls

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

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 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 56662

1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 56662

Features

Location

Close to shopping malls

Close to shopping malls

Features

Balcony

Balcony

Solar panel for water heating

Solar panel for water heating

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