1 bedroom Apartment in Larnaca, Larnaka, Cyprus No. 57023

Bedrooms

Bathrooms

50 sq.m.

Square

€ 195 000

€ 3 900 / 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

Seven apartments make up this building in the Radisson Blu area of the Larnaca seafront, roughly 400 metres from the beach.

Five of the seven are one-bedroom apartments of around 50 m² with covered verandas of 12 m², spread across the first to fourth floors — the difference between them is elevation rather than plan. The fifth floor holds two two-bedroom apartments of around 81 m², each with a covered veranda of 18 m² to 21 m² and a roof garden of about 51 m², which roughly doubles the usable area of those homes.

Every apartment includes a storage room and one parking space.

The main features of the project and the units:

• seven apartments across five floors
• one-bedroom apartments of around 50 m² with covered verandas of 12 m²
• two-bedroom apartments of around 81 m² on the fifth floor
• roof gardens of about 51 m² for the fifth-floor apartments
• a storage room for every apartment
• one parking space for every apartment
• roughly 400 metres from the beach

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

Features

Storage room

Car park

Statistics

Price per sq.m.

Quality of Life Index

Cost of Living Index

Choose a city for comparison

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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